Federal reserve act open market operations

At the New York Fed, our mission is to make the U.S. economy stronger and the financial system more stable for all segments of society. We do this by executing monetary policy, providing financial services, supervising banks and conducting research and providing expertise on issues that impact the nation and communities we serve.

• Reference Rates
  • Effective Federal Funds Rate
  • Overnight Bank Funding Rate
  • Secured Overnight Financing Rate
  • SOFR Averages & Index
  • Broad General Collateral Rate
  • Tri-Party General Collateral Rate
  • Treasury Securities
  • Agency Mortgage-Backed Securities
  • Repos
  • Reverse Repos
  • Securities Lending
  • Central Bank Liquidity Swaps
  • Monetary Policy Implementation
    • Treasury Securities
    • Agency Mortgage-Backed Securities
    • Agency Commercial Mortgage-Backed Securities
    • Agency Debt Securities
    • Repos & Reverse Repos
    • Securities Lending
    • Statements & Operating Policies
    • Market Intelligence
      • Survey of Primary Dealers
      • Survey of Market Participants
      • Primary Dealers
      • Standing Repo Facility Counterparties
      • Reverse Repo Counterparties
      • Foreign Exchange Counterparties
      • Foreign Reserves Management Counterparties
      • Economic Research
      • U.S. Economy
        • Consumer Expectations & Behavior
          • Survey of Consumer Expectations
          • Household Debt & Credit Report
          • Home Price Changes
          • Equitable Growth Indicators
          • Multivariate Core Trend Inflation
          • New York Fed DSGE Model
          • New York Fed Staff Nowcast
          • R-star: Natural Rate of Interest
          • Labor Market for Recent College Graduates
          • Corporate Bond Market Distress Index
          • Outlook-at-Risk
          • Treasury Term Premia
          • Yield Curve as a Leading Indicator
          • Banking Research Data Sets
          • Quarterly Trends for Consolidated U.S. Banking Organizations
          • Empire State Manufacturing Survey
          • Business Leaders Survey
          • Regional Business Surveys: Special Topics
          • Regional Employment Trends
          • Early Benchmarked Employment Data
          • INTERNATIONAL ECONOMY
          • Global Supply Chain Pressure Index
          • Staff Economists
          • Visiting Scholars
          • Resident Scholars
          • Liberty Street Economics
          • Staff Reports
          • Economic Policy Review
          • Applied Macroeconomics
            & Econometrics Center (AMEC)
          • Center for Microeconomic Data (CMD)
          • Economic Indicators Calendar
          • Reporting Forms
          • Correspondence
          • Community Reinvestment Act Exams
          • Frauds and Scams

          As part of our core mission, we supervise and regulate financial institutions in the Second District. Our primary objective is to maintain a safe and competitive U.S. and global banking system.

          • Services For Financial Institutions
          • Payment Services
          • Payment System Oversight
          • International Services, Seminars & Training
          • Tri-Party Repo Infrastructure Reform
          • Managing Foreign Exchange
          • Money Market Funds
          • Over-The-Counter Derivatives

          The Federal Reserve Bank of New York works to promote sound and well-functioning financial systems and markets through its provision of industry and payment services, advancement of infrastructure reform in key markets and training and educational support to international institutions.

          Community Development Fed System Initiatives
          • Fed Communities
          • Fed Listens
          • Fed Small Business
          • Workforce Development
          • High School Fed Challenge
          • College Fed Challenge
          • Teacher Professional Development
          • Classroom Visits
          • Museum & Learning Center Visits
          • Educational Comic Books
          • Economist Spotlight Series
          • Lesson Plans and Resources

          We are connecting emerging solutions with funding in three areas—health, household financial stability, and climate—to improve life for underserved communities. Learn more by reading our strategy.

          The Economic Inequality & Equitable Growth hub is a collection of research, analysis and convenings to help better understand economic inequality.

          The Governance & Culture Reform hub is designed to foster discussion about corporate governance and the reform of culture and behavior in the financial services industry.

          Open Market Operations: Key Concepts
          • Temporary open market operations involve repurchase and reverse repurchase agreements that are designed to temporarily add or drain reserves available to the banking system.
          • Permanent open market operations involve the buying and selling of securities outright to permanently add or drain reserves available to the banking system.
          • The federal funds rate is the interest rate at which depository institutions lend balances at the Federal Reserve to other depository institutions overnight.
          Fed Education

          

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