Treasury Securities Operational Details

The New York Fed reinvests principal payments from agency debt and agency mortgage-backed securities (MBS) held in the System Open Market Account (SOMA) in Treasury securities, as directed by the Federal Open Market Committee (FOMC). These reinvestment purchases are conducted in the secondary market for Treasury securities.
Planned Purchase Amounts and Schedules

The Desk's planned monthly purchase amounts are shown in the table below. Effective August 2019, the amounts listed are approximately equal to the amount of principal payments from agency debt and agency MBS expected to be received during the calendar month in which the amount is announced, subject to a maximum amount of $20 billion per month. Details are outlined in a recent operating policy statement and FAQs.

On or around the ninth business day of each month, the Desk will announce the planned purchase amount and release a tentative schedule of operations for the monthly period. The current schedule as well as past schedules can be found below.

Operation Announcements and Results

Announcements with details on the day's operation will be posted to the Treasury Securities Operations page at the start of each operation; results will be posted there after the close of each operation. In addition, the Desk will publish historical operation results, including information on transaction prices in individual operations, at or around the end of each monthly period below. Those results will include small value exercises when conducted.

Period Planned Purchase Amount Tentative Schedule Results Next Schedule Release
8/14/2019 -
The Desk plans to purchase approximately $20.0 billion in Treasury securities over the noted monthly period. Schedule To be released 9/13/2019,
3:00 p.m.