NY Fed POMO Schedule 2/11 - 3/9/2011

The Federal Reserve Bank of New York will conduct the following permanent open market operations (POMO) from February 11 to March 9, 2011. The total purchase amount will be about $97 billion, of which $80 billion is part of $600 billion QE2 and $17 billion as part of QELite (replacement of agency/MBS as they're paid back).

It is $14 billion less than the last POMO, but as the Treasury Department is unwinding the SFP (Supplementary Financing Program) for the Fed by not replenishing the SFP account (which swelled to $200 billion by $25 billion per week auction of CMBs) as the debt limit approaches, the Primary Dealers will have additional billions that they could deploy elsewhere.

The current release (2/10/2011) of the Federal Reserve's Balance Sheet shows the SFP account at about $175 billion, $25 billion less than last week.

	Operation Date1	Settlement Date	Operation Type2	Maturity Range	Expected Purchase Size
	February 11, 2011	February 14, 2011	Outright Treasury Coupon Purchase	08/15/2016 – 01/31/2018	$6 – $8 billion
	February 14, 2011	February 15, 2011	Outright TIPS Purchase	04/15/2013 – 02/15/2040	$1 – $2 billion
	February 15, 2011	February 16, 2011	Outright Treasury Coupon Purchase	02/28/2015 – 08/15/2016	$5 – $7 billion
	February 16, 2011	February 17, 2011	Outright Treasury Coupon Purchase	05/15/2021 – 11/15/2027	$1.5 – $2.5 billion
	February 17, 2011	February 18, 2011	Outright Treasury Coupon Purchase	05/15/2018 – 02/15/2021	$6 – $8 billion
	February 18, 2011	February 22, 2011	Outright Treasury Coupon Purchase	08/31/2013 – 02/15/2015	$5 – $7 billion
	February 22, 2011	February 23, 2011	Outright Treasury Coupon Purchase	08/31/2016 – 02/15/2018	$6 – $8 billion
	February 23, 2011	February 24, 2011	Outright Treasury Coupon Purchase	08/15/2028 – 02/15/2041	$1.5 – $2.5 billion
	February 24, 2011	February 25, 2011	Outright Treasury Coupon Purchase	08/31/2012 – 08/15/2013	$4 – $6 billion
	February 25, 2011	February 28, 2011	Outright Treasury Coupon Purchase	05/15/2018 – 02/15/2021	$6 – $8 billion
	February 28, 2011	March 1, 2011	Outright Treasury Coupon Purchase	08/31/2013 – 02/15/2015	$5 – $7 billion
	March 1, 2011	March 2, 2011	Outright Treasury Coupon Purchase	08/15/2028 – 02/15/2041	$1.5 – $2.5 billion
	March 2, 2011	March 3, 2011	Outright Treasury Coupon Purchase	03/31/2015 – 08/31/2016	$5 – $7 billion
	March 3, 2011	March 4, 2011	Outright Treasury Coupon Purchase	05/15/2018 – 02/15/2021	$6 – $8 billion
	March 4, 2011	March 7, 2011	Outright TIPS Purchase	04/15/2013 – 02/15/2041	$1 – $2 billion
	March 7, 2011	March 8, 2011	Outright Treasury Coupon Purchase	09/15/2013 – 02/28/2015	$5 – $7 billion
	March 8, 2011	March 9, 2011	Outright Treasury Coupon Purchase	09/30/2016 – 02/28/2018	$6 – $8 billion
	March 9, 2011	March 10, 2011	Outright Treasury Coupon Purchase	03/31/2015 – 08/31/2016	$5 – $7 billion