Competitive Procurement Process for Certain Vendor Roles Supporting Emergency Lending Facilities and Programs

The New York Fed is conducting a multi-phase competitive procurement process for key vendor roles across several of the emergency lending facilities established under Section 13(3) of the Federal Reserve Act and the purchases of agency commercial mortgage-backed securities (agency CMBS).

When the facilities and programs were launched in 2020, some vendor roles were filled through direct negotiations with service providers to expedite program implementation and support the flow of credit to households and businesses in the face of the severe economic disruption caused by the COVID-19 pandemic. The New York Fed did so with a view that, once the immediate need to commence operations of the facilities had passed, those roles would be subject to a competitive procurement process.

Through these efforts, the New York Fed seeks to further its mandate to support equal opportunity and diversity in the implementation of these facilities. The New York Fed is committed to transparency and inclusive access as it undertakes this competitive procurement process.


CPFF Procurement Documents and Program Information

February 1, 2021 update: The New York Fed has decided not to move forward with a request for proposals (RFP) for this role based on an updated assessment of the facility’s business needs.


* The prequalification submission period for the CPFF Cash Investment Management Services role ended December 23, 2020; however, the materials continue to be available for review and reference purposes.

SMCCF Procurement Documents and Program Information

* The prequalification submission period for the Corporate Credit Facilities Corporate Bond and ETF Investment Management Services role ended February 23, 2021; however, the form and related FAQ continue to be available for review and reference purposes.
** The prequalification submission period for the Corporate Credit Facilities Cash Investment Management Services role ended October 19, 2020; however, the form and related FAQ continue to be available for review and reference purposes.

TALF Procurement Documents and Program Information

April 13, 2021 update: The New York Fed has decided not to move forward with a request for proposals (RFP) for this role based on an updated assessment of the facility’s business needs.


* The prequalification submission period for the TALF Cash Investment Management Services role ended February 23, 2021; however, the form and related FAQ continue to be available for review and reference purposes.

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