Effective January 9, 2006, the Federal Reserve Bank of New York will implement the following changes to the System Open Market Account (SOMA) securities lending program:

The current dealer per issue limit of $200 million will be changed to 20 percent of the theoretical available supply with a cap of $500 million.

The current dealer aggregate limit of $1 billion will be changed to $3 billion.

All other program terms will remain unchanged.

For more information, see:
SOMA Securities Lending Program Terms and Conditions ››