The Open Market Trading Desk (the Desk) at the Federal Reserve Bank of New York undertakes small value transactions for the purpose of testing operational readiness to implement existing and potential policy directives from the Federal Open Market Committee (FOMC) including testing trade execution platforms. The FOMC authorizes and directs the Desk to conduct these exercises in the Authorizations and Continuing Directives for Open Market Operations and Authorization for Foreign Currency Operations.
In connection with these authorizations, the Desk intends to conduct a small value Treasury purchase operation, which will occur on Tuesday, June 23, 2026 beginning around 9:00AM ET and ending at 9:20AM ET. The purchase will not exceed a face value of $25 million and will be limited to Treasury Floating Rate Notes maturing between 1 month and 2 years from the date of operation.
Results will be posted on the New York Fed's website following the completion of the operation. The results will include the securities and total amounts accepted and submitted.
