New York Fed Extends Reserve-Purchase Pause Through October 14
The desk plans roughly $15.6 billion in Treasury reinvestment purchases through that date, adding no new reserves to the banking system.
- The schedule spans September 15 to October 14, 2026, with zero reserve management purchases listed.
- Reinvestment purchases, replacing maturing Treasury debt, total about $15.6 billion for the period.
- The freeze extends a pause already in place, holding the Fed's balance sheet steady, not larger.
Why it matters: Reserves stop growing only when the Fed decides the banking system does not need more yet.
Federal Reserve Bank of New York, Treasury Securities Operational Details ↗ · Sep 14, 20269/14/26