Press Release

Change in Minimum Fee Rate for SOMA Securities Lending Program

June 25, 2003

Effective June 26, 2003, the Federal Reserve Bank of New York (FRBNY) is implementing the following change to the System Open Market Account (SOMA) securities lending program:

The minimum fee rate has been lowered to 0.75 percent from 1.00 percent.

All other program terms remain unchanged.

For more information, please see:
SOMA Securities Lending Program Terms & Conditions ››