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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. More ›› |
Federal Funds |
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Federal Funds: Effective Rate vs. Target Rate
Note: The New York Fed discontinued publication of weekly averages of the federal funds rate as of June 30, 2004. The weekly average will continue to be available on Federal Reserve Statistical Release H.15 |
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Featured Updates |
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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. This information is provided in accordance with the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 and complements operational and holdings data also available on this website. |
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Federal Reserve single-tranche term repurchase agreements March to December 2008
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| Fast Facts: Single-Tranche Term Repurchase Agreements » |
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| FAQs: Agency MBS CUSIP Aggregation » |
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Longer-term Treasury securities purchases FAQs updated » |
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News and Announcements |
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Minutes of September 12-13 Federal Open Market Committee meeting
October 4, 2012 |
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Federal Reserve publishes quarterly data for discount window lending and open market transactions
September 28, 2012 |
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Statement regarding transactions in agency mortgage-backed securities and Treasury securities
September 13, 2012 |
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Federal Open Market Committee statement
September 13, 2012 |
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New York Fed releases tentative outright Treasury operation schedule
August 31, 2012 |
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Statement Regarding Repurchase Agreements
August 2, 2012 |
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Publications |
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Domestic Open Market Operations During 2011
The annual report of the implementation of open market operations used to control the federal funds rate. Released April 2012; 46 pages / 505 kb |
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New study sheds light on the liquidity of TIPS
The latest article from the New York Fed’s Economic Policy Review series, "The Microstructure of the TIPS Market," provides new evidence on the liquidity of Treasury inflation-protected securities (TIPS) and how it differs from that of nominal Treasury securities. December 23, 2011 |
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Fed funds chart