Statement
Change in Minimum Fee Rate for SOMA Securities Lending Program
April 7, 2009

Effective April 8, 2009, the Federal Reserve Bank of New York's Open Market Trading Desk is making the following temporary change to the System Open Market Account (SOMA) securities lending program:

The minimum fee rate will be increased to 0.05 percent from 0.01 percent. All other program terms remain unchanged.

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