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Securities Lending Activity

Securities loans are awarded to primary dealers based on competitive bidding in an auction held each business day at noon. Loaned securities that are not returned on the maturity date prior to the close of Fedwire will be extended for an additional business day and repriced at a rate determined by the FRBNY1. The data below summarizes the results of the New York Fed's Daily Securities Lending Activity for the current business day.

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Auction Results*

May 16, 2008

	Security	Pre-Auction		Auction Results
		Actual Avail to Borrow2	Outstanding Loans3	PAR Submitted4	PAR Accepted5	Wtd Avg Rate6
	B 08/28/08	1,995	408	689	625	0.531
	T 05.125 06/30/08	4,824	296	269	269	0.500
	T 03.125 09/15/08	1,279	188	112	112	0.500
	T 04.625 11/30/08	3,904	0	50	50	0.500
	T 03.625 07/15/09	1,110	0	54	54	0.500
	T 03.625 01/15/10	1,485	0	150	150	0.509
	T 03.500 02/15/10	2,455	0	12	12	0.510
	T 01.750 03/31/10	2,836	1,155	3,790	2,836	1.078
	T 04.000 04/15/10	1,287	0	86	86	0.510
	T 02.125 04/30/10	2,476	250	1,020	639	0.529
	T 03.875 05/15/10	2,572	0	147	147	0.500
	T 04.250 09/30/12	2,589	63	21	21	0.500
	T 03.875 10/31/12	2,257	0	423	423	0.500
	T 04.000 11/15/12	212	0	249	211	0.555
	T 03.375 11/30/12	2,657	275	716	716	0.500
	T 02.500 03/31/13	2,309	0	105	105	0.500
	T 03.125 04/30/13	1,452	290	575	575	0.542
	T 04.250 11/15/13	1,761	0	812	812	0.503
	T 04.750 05/15/14	2,693	0	55	55	0.500
	T 03.500 02/15/18	4,904	1,300	950	950	0.504
	T 05.000 05/15/37	2,303	25	7	7	0.500
	Total:			10,292	8,855

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* All par amounts in millions of dollars 1The extension fee is typically equivalent to the prevailing general collateral rate, but can be above the general collateral rate if a security is trading at a negative rate in the repo market. 2 "Actual Available to Borrow" represents the par amount of SOMA holdings in each security available for lending at the auction. Ninety percent of each security owned by SOMA with a remaining maturity greater than six days will be available for lending each day. If less than ninety percent of a security is in the SOMA custody account at the time of auction due to outstanding loans and committed reverse repurchase transactions, then the remaining amount of the security in the SOMA portfolio will be available at the auction. Data is not available prior to November 7, 2005. 3 "Outstanding Loans" represents the par amount of each security that was not returned before the noon auction. Data is not available prior to November 7, 2005. 4 "Propositions Submitted" represents the par amount of each security for which propositions were received. Data is not available prior to November 7, 2005. 5 "Propositions Accepted" represents the par amount of each security lent. 6 The "Weighted Average Rate" represents the average fee rate that dealers paid in order to borrow the specified issues, weighted by the dollar amount of the awards. Due to the "Borrow-vs.-Pledge" nature of the lending transaction, dealers may consider the fee roughly equivalent to the spread between their general collateral rate and the repo rate for the borrowed security. The indicated rates are not repo rates, nor are they indicative of lending fee rates available in the market. Weighted average rates prior to November 7, 2005 were reported to two decimal places. Additional zero added for consistent formatting.

Historical Data

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