The Open Market Trading Desk (the Desk) at the Federal Reserve Bank of New York: “The first such purchases will begin tomorrow, March 13, 2020. Today, March 12, 2020, the Desk will offer $500 billion in a three-month repo operation at 1:30 pm ET that will settle on March 13, 2020. Tomorrow, the Desk will further offer $500 billion in a three-month repo operation and $500 billion in a one-month repo operation for same day settlement.”