TO: Primary Dealers
FROM: Sandy Krieger
DATE: November 12, 1999
SUBJECT: Announcement Regarding November 17 Sale of Options on Repurchase Transactions
In the November 17 auctions of options on repurchase agreements, the FRBNY will auction $15 billion of the December 23 Strip, $30 billion of the December 30 Strip and $20 billion of the January 6 Strip. These amounts will bring total planned sales of options on repos over the five auctions between October 20 and November 17 to $89 billion of the December 23 Strip, $173 billion of the December 30 Strip and $109 billion of the January 6 Strip. As announced last week, there are two additional scheduled auctions for Tuesday, November 23 and Wednesday, December 1.