Table 1A. Memorandum Items Description of Marketable securities held in custody for foreign official and international accountsDescription of Securities lent to dealersDescription of Overnight facilityDescription of Term facility

 

 Marketable securities held in custody for foreign official and international accounts: FRBNY, on behalf of the Federal Reserve System, provides correspondent and custodial banking services for central banks, monetary authorities, and certain international organizations to facilitate their official financial operations. This item indicates the face values of marketable securities held in custody for these accounts. Return

 Securities lent to dealers: This item indicates the value of securities lent to primary dealers. The loans are awarded based on competitive bidding in a daily auction. A minimum bid rate is imposed to limit borrowing to securities that are in high demand or "on special." Return

 Overnight facility: The face value of U.S. Treasury securities and federal agency debt securities lent overnight through the Federal Reserve Bank of New York's securities lending program. This program provides a temporary source of U.S. Treasury securities and federal agency debt securities to foster efficient and liquid trading in the market for these securities. Return

 Term facility: The face value of U.S. Treasury securities lent through the Term Securities Lending Facility (TSLF). This facility was established on March 11, 2008 under the authority of section 13(3) of the Federal Reserve Act. The TSLF is a weekly facility that offers Treasury securities for loan over a one-month term to primary dealers against program-eligible general collateral. The program promotes liquidity in the Treasury security and other collateral markets and thus fosters the functioning of financial markets more generally. Return

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