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Statement Regarding Purchases of Treasury Securities - Federal Reserve Bank of New York FOLLOW US: Banking Markets Research Education Regional Outreach About the Fed Careers News & Events Press Center NEWS AND Home > News and Events > News EVENTS PRESS RELEASE News Statement Regarding Purchases of Treasury Securities Events March 18, 2009 Speeches Media Advisories Statements Public Engagement Schedule View News and Events Contacts The Federal Open Market Committee (FOMC) has announced that the Open Market Trading Desk (the Desk) will begin a Treasury purchase program of up to $300 billion to help improve conditions in private credit markets. The Desk will concentrate purchases in the 2- to 10-year sector of the nominal Treasury curve, although purchases will occur across the nominal Treasury and TIPS yield curves. Consistent with prior outright Treasury purchases, these purchases will be conducted with the Federal Reserve’s primary dealers through a series of competitive auctions via the Desk’s FedTrade system. On average, the Desk will purchase Treasury securities two to three times per week. Further details will be provided early next week after consultation with the primary dealers and other market participants. The Desk plans to hold the first purchase operation late next week. Contact: Deborah Kilroe (212) 720-6143 (646) 720-6143 deborah.kilroe@ny.frb.org Contact Us | E-mail Alerts | RSS Feeds | Terms of Use Home | Federal Reserve System http://www.newyorkfed.org/newsevents/news/markets/2009/ma090318.html[6/27/2012 10:35:29 AM] Video Publications
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