Reflections on Early Days of Reserve Management Purchases and Ample Reserves

Thu, 16 Apr 2026 05:40:01 +0000
Banking

FRB New York SOMA Manager Roberto Perli delivered remarks on the Federal Reserve's transition from abundant to ample reserves, discussing how the FOMC concluded the runoff of SOMA securities holdings effective December 1, 2025, and instructed the Desk to begin reserve management purchases to maintain reserves within the ample range. The speech outlined the ample reserves framework and factors influencing reserve management and balance sheet size.