Changes to Dealer Limits for SOMA Securities Lending Program, Effective January 9, 2006

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Press Release

Changes to Dealer Limits for SOMA Securities Lending Program, Effective January 9, 2006

December 5, 2005

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 ››

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