Home > Markets > Securities Lending

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.

Printer version

E-mail alert

Export to:  Excel | XML

Auction Results*

July 3, 2009

	Security	Pre-Auction		Auction Results
		Actual Avail to Borrow2	Outstanding Loans3	PAR Submitted4	PAR Accepted5	Wtd Avg Rate6
	T 01.875 06/15/12	4,284	2,033	680	680	0.050
	T 02.250 05/31/14	1,081	125	125	125	0.050
	T 03.125 05/15/19	3,667	425	425	425	0.050
	T 09.125 05/15/18	1,951	237	237	237	0.050
	T 09.000 11/15/18	2,259	43	43	43	0.050
	T 08.875 02/15/19	4,115	128	128	128	0.050
	Total:			1,638	1,638

Show last 10 operations ››

* 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

Securities Lending Historical Search ››