Operating Policy
Statement Regarding Open Market Desk Operations on Thursday April 9, 2020
March 12, 2020

Due to the Securities Industry and Financial Markets Association’s recommended market close on Friday, April 10, 2020, all overnight repurchase and reverse repurchase agreements and securities lending trades executed on Thursday, April 9 will mature on Monday, April 13, 2020. Additionally, any Treasury security purchases executed on Thursday, April 9 will settle on Monday, April 13, 2020. While the Open Market Trading Desk does not intend to conduct operations on April 10, the Fedwire Securities Service will operate during its regular hours on that date.