Treasury Securities Operational Details

The New York Fed purchases Treasury securities in order to maintain ample reserve balances in the system and to support the smooth functioning of the Treasury market, as directed by the Federal Open Market Committee (FOMC). These purchases are conducted in the secondary market for Treasury securities.
Planned Purchase Amounts and Schedules

The Desk's planned purchase amounts and schedules are shown below. Effective March 23, 2020, purchase plans are based on the FOMC directive to increase the SOMA holdings of Treasury securities in the amount needed to support the smooth functioning of the Treasury market. Details are outlined in a recent operating policy statement and FAQs.

Initially, the Desk plans to communicate its upcoming purchase plans for the next business day each afternoon at or around 4:30 pm; however, it plans to begin releasing a tentative schedule of operations on a regular basis soon thereafter.

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 the calendar month. Those results will include small value exercises when conducted.

Schedule for Monday, March 30, 2020 – Wednesday, April 1, 2020 (all times ET)

  • 9:30 – 9:50 am: Treasury Coupons 7 to 20 year sector, for around $6 billion
  • 10:20 – 10:40 am: Treasury Coupons 4.5 to 7 year sector, for around $11 billion
  • 11:00 – 11:20 am: Treasury Coupons 20 to 30 year sector, for around $5 billion
  • 12:00 – 12:20 pm: Treasury Coupons 2.25 to 4.5 year sector, for around $17 billion
  • 12:50 – 1:10 pm: TIPS 1 to 7.5 year sector (Monday and Wednesday), 7.5 to 30 year sector (Tuesday), for around $7 billion each
  • 1:40 – 2:00 pm: Treasury Coupons 20 to 30 year sector, for around $5 billion
  • 2:30 – 2:50 pm: Treasury Coupons 0 to 2.25 year sector, for around $24 billion

Schedule for Thursday, April 2, 2020 – Friday, April 3, 2020 (all times ET)

  • 9:30 – 9:50 am: Treasury Coupons 7 to 20 year sector, for around $5 billion
  • 10:20 – 10:40 am: Treasury Coupons 4.5 to 7 year sector, for around $9 billion
  • 11:00 – 11:20 am: Treasury Coupons 20 to 30 year sector, for around $4 billion
  • 12:00 – 12:20 pm: Treasury Coupons 2.25 to 4.5 year sector, for around $14 billion
  • 12:50 – 1:10 pm: TIPS 7.5 to 30 year sector (Thursday), 1 to 7.5 year sector (Friday), for around $5 billion each
  • 1:40 – 2:00 pm: Treasury Coupons 20 to 30 year sector, for around $4 billion
  • 2:30 – 2:50 pm: Treasury Coupons 0 to 2.25 year sector, for around $19 billion
Period Planned Purchase Amount Tentative Schedule Results
4/2/2020 - 4/3/2020 The Desk plans to purchase approximately $120.0 billion ($60.0 billion per day) in Treasury purchases. See schedule above To be released
3/30/2020 - 4/1/2020 The Desk plans to purchase approximately $225.0 billion ($75.0 billion per day) in Treasury purchases. See schedule above To be released
3/24/2020 - 3/27/2020 The Desk plans to purchase approximately $300.0 billion ($75.0 billion per day) in Treasury purchases. Schedule To be released
3/23/2020 The Desk plans to purchase approximately $75.0 billion in Treasury purchases. Schedule To be released
3/20/2020 The Desk plans to purchase approximately $75.0 billion in Treasury purchases. Schedule To be released
3/19/2020 The Desk plans to purchase approximately $75.0 billion in Treasury purchases. Schedule To be released
3/18/2020 The Desk plans to purchase approximately $45.0 billion in Treasury purchases. Schedule To be released
3/17/2020 The Desk plans to purchase approximately $40.0 billion in Treasury purchases. Schedule To be released
3/16/2020 The Desk plans to purchase approximately $40.0 billion in Treasury purchases. Schedule To be released
3/13/2020 The Desk plans to purchase approximately $37 billion in reserve management and reinvestment purchases. Schedule To be released
2/14/2020 -
3/12/2020
The Desk plans to purchase approximately $20.0 billion in reinvestment purchases and an additional approximately $60.0 billion in reserve management purchases of bills over the noted monthly period. Schedule Results
1/15/2020 -
2/13/2020
The Desk plans to purchase approximately $20.0 billion in reinvestment purchases and an additional approximately $60.0 billion in reserve management purchases of bills over the noted monthly period. Schedule Results
12/13/2019 -
1/14/2020
The Desk plans to purchase approximately $20.0 billion in reinvestment purchases and an additional approximately $60.0 billion in reserve management purchases of bills over the noted monthly period. Schedule Results
11/15/2019 -
12/12/2019
The Desk plans to purchase approximately $20.0 billion in reinvestment purchases and an additional approximately $60.0 billion in reserve management purchases of bills over the noted monthly period. Schedule Results
10/15/2019 -
11/14/2019
The Desk plans to purchase approximately $20.0 billion in reinvestment purchases and an additional approximately $60.0 billion in reserve management purchases of bills over the noted monthly period. Schedule Results
9/16/2019 -
10/11/2019
The Desk plans to purchase approximately $20.0 billion in Treasury securities over the noted monthly period. Schedule Results
8/14/2019 -
9/13/2019
The Desk plans to purchase approximately $20.0 billion in Treasury securities over the noted monthly period. Schedule Results