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Authorized for public release by the FOMC Secretariat on 03/04/2015 Class II FOMC – Restricted (FR) FEDERAL RESERVE BANK OF NEW YORK Date: December 9, 2009 To: Federal Open Market Committee From: Brian Sack Subject: Reinvestment Policy for Maturing SOMA Holdings The attached memo, “Reinvestment Policy for Maturing SOMA Holdings,” discusses some of the issues surrounding upcoming maturities of SOMA holdings and presents several options that the Committee may wish to consider regarding whether to reinvest or redeem those holdings. I will discuss the treatment of agency and MBS holdings in my report on market developments and operations at the upcoming meeting. Page 1 of 1