Markets & Policy Implementation

Domestic Open Market Operations

The Bank implements monetary policy primarily by conducting temporary and permanent open market operations. By buying and selling government securities, the Bank affects the aggregate level of balances available in the banking system, and thus impacts the federal funds rate.

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The Federal Reserve Bank of New York implements monetary policy on behalf of the Federal Reserve System, as mandated by the Federal Open Market Committee. To accomplish this, the Bank conducts temporary and permanent open market operations. Securities purchased through these operations are managed in a portfolio known as the System Open Market Account and are lent on a daily basis through the securities lending program. The Bank also implements foreign exchange policy on behalf of the System and the U.S. Treasury.
FEATURES
Open Market Operations: Transaction Data
Detailed data on open market, securities lending and foreign currency transactions—including, for each transaction, the date, amount, counterparty, price or interest rate paid or received, and the type and value of collateral or assets transferred.
OTC Derivatives Supervisors Group
Chaired by the New York Fed, the OTC Derivatives Supervisors Group (ODSG) coordinates with other supervisors and firms committed to delivering structural improvements to the OTC derivatives market in the interest of financial stability.
Credit and Liquidity Programs and the Balance Sheet Offsite
The Board of Governors of the Federal Reserve System provides detailed information about the policy tools employed to address the financial crisis.
NEWS AND ANNOUNCEMENTS
Reverse repo counterparties list updated
February 2, 2016
Federal Open Market Committee statement Offsite
January 27, 2016
Decisions regarding monetary policy implementation
January 27, 2016
Statement regarding the implementation of planned changes to the effective federal funds rate and publication of the overnight bank funding rate
January 6, 2016
New York Fed concludes the Mortgage Operations Counterparty Pilot Program
January 6, 2016
Statement regarding term reverse repurchase agreements
December 16, 2015
Statement regarding overnight reverse repurchase agreements
December 16, 2015
Primary dealers list updated
December 7, 2015
RECENT SPEECHES
The Federal Reserve’s Counterparty Framework: Past, Present, and Future
Remarks by Simon Potter at the 2015 Roundtable on Treasury Markets and Debt Management, Federal Reserve Bank of New York, New York City
NOVEMBER 19, 2015
Dinner Address for the Bank of England-Federal Reserve Bank of New York Conference on Money Markets and Monetary Policy Implementation
Remarks by Simon Potter at the Bank of England-Federal Reserve Bank of New York Conference on Money Markets and Monetary Policy Implementation, London, United Kingdom
NOVEMBER 16, 2015
Tools
Related New York Fed Content
Related External Content
Historical Data