Treasury and Federal Reserve Foreign Exchange Operations: Quarterly Reports

Museum & Visits Regional Economy Data & Statistics Careers Blog Press Center

About the New York Fed
- About the New York Fed
- What We Do
- Who We Are
  - Bank Leadership
- Communities We Serve
- Governance
- More About Us
- At the New York Fed, our mission is to make the U.S. economy stronger and the financial system more stable for all segments of society. We do this by executing monetary policy, providing financial services, supervising banks and conducting research and providing expertise on issues that impact the nation and communities we serve.
  
  The Teller Window is a publication featuring expert knowledge and insight from the New York Fed, including thoughts and perspectives from senior leaders.
  
  Do you have a request for information and records? Learn how to submit it.
  
  Learn about the history of the New York Fed and central banking in the United States through articles, speeches, photos and video.
Markets & Policy Implementation

Economic Research
- Economic Research
- U.S. Economy
  - Consumer Expectations & Behavior
  - Growth & Inflation
  - Labor Market
  - Financial Stability
  - Banking
- REGIONAL ECONOMY
- RESEARCHERS
  - PUBLICATIONS
  - RESEARCH CENTERS
  - CALENDAR

Financial Institution Supervision
- Financial Institution Supervision
- Supervision & Regulation
  - Circulars
  - Regulations
- Reporting Forms & Instructions
  - Reporting Forms
  - Correspondence
- Bank Applications
- Consumer Protection
  - Community Reinvestment Act
  - Frauds and Scams
- As part of our core mission, we supervise and regulate financial institutions in the Second District. Our primary objective is to maintain a safe and competitive U.S. and global banking system.
  
  The Governance & Culture Reform hub is designed to foster discussion about corporate governance and the reform of culture and behavior in the financial services industry.
  
  Need to file a report with the New York Fed? Here are all of the forms, instructions and other information related to regulatory and statistical reporting in one spot.
  
  The New York Fed works to protect consumers as well as provides information and resources on how to avoid and report specific scams.
Financial Services & Infrastructure
- Financial Services & Infrastructure
- Financial Services & Operations
- Financial Market Infrastructure & Reform
- The Federal Reserve Bank of New York works to promote sound and well-functioning financial systems and markets through its provision of industry and payment services, advancement of infrastructure reform in key markets and training and educational support to international institutions.
  
  The New York Innovation Center bridges the worlds of finance, technology, and innovation and generates insights into high-value central bank-related opportunities.
  
  The growing role of nonbank financial institutions, or NBFIs, in U.S. financial markets is a transformational trend with implications for monetary policy and financial stability.
  
  The New York Fed offers the Central Banking Seminar and several specialized courses for central bankers and financial supervisors.
Community Development
& Education

Treasury and Federal Reserve Foreign Exchange Operations: Quarterly Reports

The following quarterly reports describe the foreign exchange operations of the New York Fed. The New York Fed conducts foreign exchange (FX) transactions for the System Open Market Account (SOMA), as directed by the Federal Open Market Committee (FOMC), and, as directed by the U.S. Treasury, in its capacity as fiscal agent of the United States for the Exchange Stabilization Fund (ESF).

	Date	Description
	2025
	Oct - Dec 2025 Released February 12, 2026	The Federal Reserve Did Not Intervene in FX Markets During the Fourth Quarter; The U.S. Treasury Intervened During the Same Period Press Release ›› Full Report
	Jul - Sep 2025 Released November 13, 2025	The Federal Reserve and U.S. Treasury Did Not Intervene in FX Markets During the Third Quarter Press Release ›› Full Report
	Apr - Jun 2025 Released August 14, 2025	The Federal Reserve and U.S. Treasury Did Not Intervene in FX Markets During the Second Quarter Press Release ›› Full Report
	Jan - Mar 2025 Released May 15, 2025	The Federal Reserve and U.S. Treasury Did Not Intervene in FX Markets During the First Quarter Press Release ›› Full Report