The FRBNY announced it will offer “at least $200 billion” in term repo trades that will cross the June quarter end.  This would in addition to their overnight repo trades.

The tentative schedule for the term trades is as follows:

Operation Date Settlement Date Maturity Date Amount Offered Max Offering Rate
Jun 25, 2015 Jun 25, 2015 Jul 2, 2015 To be announced  To be announced
Jun 29, 2015 Jun 29, 2015 Jul 1, 2015 To be announced

The FRBNY will provide additional information on these trades on June 22nd.

View the release here.

Good Day. DR2