NY Fed changes SOMA securities lending rules
09 June 2011 New York
Image: Shutterstock
The Federal Reserve Bank of New York's open market trading desk has removed the $750 million issue-specific limit from its System Open Market Account (SOMA) programme.
All other programme terms and conditions will be maintained, including the 25 percent issue-specific and $5 billion aggregate limits.
All other programme terms and conditions will be maintained, including the 25 percent issue-specific and $5 billion aggregate limits.
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