The Federal Reserve Bank of New York works to promote sound and well-functioning financial systems and markets through its provision of industry and payment services, advancement of infrastructure reform in key markets and training and educational support to international institutions.
The Outreach and Education function engages, empowers and educates the Second District communities that the Bank serves, especially civic leaders, students, educators, small business owners, policymakers and the general public. It furthers the Bank's commitment to the region by listening to the communities we serve and leveraging our unique attributes to positively impact school and university programs, as well as analysis and research.
SUBJECT: Announcement Regarding December 1 Sale of Options on Repurchase Transactions
Next weeks auctions of options on repurchase agreements will take place on Wednesday, December 1, at 2:30 p.m. The FRBNY will auction $15 billion of the December 23 Strip, $25 billion of the December 30 Strip and $15 billion of the January 6 Strip. These amounts will bring the total sales of options on repos over the seven auctions between October 20 and December 1 to $114 billion of the December 23 Strip, $223 billion of the December 30 Strip and $144 billion of the January 6 Strip.