Operating Policy
Statement Regarding Open Market Desk Operations on Thursday July 2, 2020
June 19, 2020

Due to the Securities Industry and Financial Markets Association’s recommended market close on Friday, July 3, 2020, all overnight repurchase and reverse repurchase agreements and securities lending trades executed on Thursday, July 2 will mature on Monday, July 6, 2020. Additionally, any Treasury security purchases executed on Thursday, July 2 will settle on Monday, July 6, 2020. While the Open Market Trading Desk does not intend to conduct operations on July 3, the Fedwire Securities Service will operate during its regular hours on that date.