Prepared for the Federal Open Market Committee by the Markets Group of the Federal Reserve Bank of New York.
Open Market Operations during 2015
This report reviews the conduct of open market operations and other developments that influenced the System Open Market Account of the Federal Reserve in 2015. Highlighted are policies and operations conducted at the direction of the Federal Open Market Committee and resulting characteristics of the portfolio of domestic securities. These developments are presented in the context of the new framework the Federal Reserve introduced to implement monetary policy following the Federal Open Market Committee’s December 16, 2015, decision to raise the target for the federal funds rate to a range of ¼ to ½ percent, after seven years of maintaining the target range at 0 to ¼ percent.
Released April 2016
Note: worksheets include only that data for which the New York Fed has permission to publish from the data supplier.