Treasury Securities Operational Details

The New York Fed purchases Treasury securities in order to maintain ample reserve balances in the system and to reinvest principal payments from agency debt and agency mortgage-backed securities (MBS) held in the System Open Market Account (SOMA), 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 monthly purchase amounts are shown in the table below. Effective October 2019, the amounts listed include reserve management purchases of Treasury bills and reinvestment purchases of Treasury securities across a range of maturities. 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
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 To be released 12/12/2019,
3:00 p.m.
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
*The Desk will not purchase securities with 4 weeks or less to maturity.