FOMC authorises NY Fed securities lending test
23 October 2018 New York
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The Federal Open Market Committee (FOMC) has authorised the New York Federal Reserve's Open Market Trading Desk to conduct a small value contingency securities lending operation as a test of its operational readiness.
The operation will be conducted in addition to the regularly scheduled securities lending operation, and will occur on 24 October.
It will have a maximum size of $115 million.
Results will be posted on the New York Fed's website following the completion of the operation.
The results will include the securities and total amounts accepted and submitted.
The operation will be conducted in addition to the regularly scheduled securities lending operation, and will occur on 24 October.
It will have a maximum size of $115 million.
Results will be posted on the New York Fed's website following the completion of the operation.
The results will include the securities and total amounts accepted and submitted.
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