Effective January 9, 2006, the Federal Reserve Bank of New York will implement the following changes to the System Open Market Account (SOMA) securities lending program:
The current dealer per issue limit of $200 million will be changed to 20 percent of the theoretical available supply with a cap of $500 million.
The current dealer aggregate limit of $1 billion will be changed to $3 billion.
All other program terms will remain unchanged.
For more information, see:
SOMA Securities Lending Program Terms and Conditions ››