Operating Policy
Statement Regarding the Annual Report on Open Market Operations during 2022
April 11, 2023

Today, the Open Market Trading Desk (the Desk) at the Federal Reserve Bank of New York published its annual report, Open Market Operations During 2022. This report was prepared by the Markets Group and presented to the Federal Open Market Committee (FOMC). It contains a summary of open market operations conducted by the Desk for the System Open Market Account (SOMA) and a review of Federal Reserve balance sheet developments in 2022. The report also presents New York Fed staff projections of SOMA domestic securities holdings, reserve balances, and associated net income. The projections are based on assumptions drawn from FOMC communications and the January/February 2023 Surveys of Primary Dealers and Market Participants.

The report on Open Market Operations During 2022, along with underlying data presented in the charts, are available on the New York Fed’s website. Historical reports and projections are also available.

For more information regarding the New York Fed’s Markets Group and Monetary Policy Implementation, please visit this webpage.

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