Fed New York: Statement Regarding Agency Mortgage-Backed Securities Small Value Exercise
November 25, 2020
November 25, 2020
NEW YORK, Nov. 25 -- The Federal Reserve Bank of New York issued the following news release:
The New York Fed undertakes certain small value open market transactions from time to time for the purpose of testing operational readiness to implement existing and potential policy directives from the Federal Open Market Committee (FOMC).
The FOMC authorizes the New York Fed's Open Market Trading Desk (the Desk) to conduct these exercises to test its operational readiness in t . . .
The New York Fed undertakes certain small value open market transactions from time to time for the purpose of testing operational readiness to implement existing and potential policy directives from the Federal Open Market Committee (FOMC).
The FOMC authorizes the New York Fed's Open Market Trading Desk (the Desk) to conduct these exercises to test its operational readiness in t . . .