Prepared for the Federal Open Market Committee by the Markets Group of the Federal Reserve Bank of New York.
Open Market Operations during 2016
This report reviews the conduct of open market operations and other developments that influenced the System Open Market Account (SOMA) of the Federal Reserve in 2016. The report provides an overview of the Federal Reserve’s current monetary policy implementation framework, and describes operations conducted at the direction of the Federal Open Market Committee (FOMC), associated policies, and resulting characteristics of the portfolio of domestic securities.
Released April 2017Revised May 2017
Released April 2017
Note: Worksheets include only that data that the New York Fed has the data suppliers’ permission to publish.
Projections for the SOMA Portfolio and Net Income (July 2017)
This report provides an updated set of projections for the path of the domestic securities portfolio and its associated net income. These projections update those presented in the Report on Domestic Open Market Operations during 2016 (see above) by incorporating guidance on balance sheet normalization released by the FOMC in June 2017 and results of June 2017 surveys indicating market expectations for interest rates, the timing of when portfolio reductions will commence, and the long-run size and composition of the Federal Reserve’s balance sheet.
Released July 2017
Released July 2017Revised September 2017