{"id": "rmp_monthly", "framework": "plumbing", "framework_title": "Fed and Treasury plumbing", "title": "Reserve-management purchases (the Desk's schedule)", "kind": "level", "direction": "tracking", "unit": "usd", "display": {"decimals": 0, "suffix": "", "format": "money_b", "signed": false}, "state": "tracking", "previous_state": "unknown", "state_changed_on": "2026-09-15", "as_of": "2026-09-15", "value": "0.000000", "value_display": "$0 B", "delta_value": "0.000000", "delta_display": "$0 B", "delta_period": "1m", "threshold_hit": null, "thresholds": [], "what_moved": "Reserve-management purchases: the Desk's schedule is $0 B for the period from 15 Sep 2026; none since 14 Aug 2026 (last schedule $10 B per period). Outright Treasury purchases settled: $28.7 B in Aug 2026 (all purposes, including reinvestment of agency principal).", "provenance": {"value_source": {"series": "rmp_planned_m", "date": "2026-09-15", "value": "0.000000", "url": "https://www.newyorkfed.org/markets/domestic-market-operations/monetary-policy-implementation/treasury-securities/treasury-securities-operational-details", "snapshot": "sha256:531d26d861e9072bea5d18df6c5da7c7bcd5da64c71f3693b74328de870c2701", "fetched_at": "2026-09-22T14:55:57", "vintage": "2026-09-22T145557.377165:531d26d861e9"}, "explainer": {"title": "The Informationist Institutional, No. 1 — The Global Bond Bar Tab", "date": "2026-09-20", "url": "https://www.jameslavish.com/", "note": "quarterly letter for professional allocators; members-only PDF, no public permalink"}}, "extras": {"nearest_threshold": null, "delta_from": "2026-08-14", "stale": false, "companions": [{"series": "desk_tsy_purchases_m", "label": "Outright Treasury purchases settled (all purposes)", "value": "28662000000.000000", "as_of": "2026-08-01"}, {"series": "reinvest_planned_m", "label": "Reinvestment purchases planned", "value": "15600000000.000000", "as_of": "2026-09-15"}], "last_settled_month": "28662000000.000000", "last_settled_month_as_of": "2026-08-01", "stopped_since": "2026-08-14", "last_nonzero_period": "2026-07-14", "last_nonzero_value": "10000000000.000000"}, "explainer": {"title": "The Informationist Institutional, No. 1 — The Global Bond Bar Tab", "date": "2026-09-20", "url": "https://www.jameslavish.com/", "note": "quarterly letter for professional allocators; members-only PDF, no public permalink"}, "references": [{"label": "December-2025 start", "value": "40e9", "cite": {"title": "The Informationist Institutional, No. 1 — The Global Bond Bar Tab", "date": "2026-09-20", "url": "https://www.jameslavish.com/", "note": "quarterly letter for professional allocators; members-only PDF, no public permalink"}, "quote": null, "stated_by": null}], "sparkline": [{"d": "2025-12-12", "v": 40000000000.0}, {"d": "2026-01-15", "v": 40000000000.0}, {"d": "2026-02-13", "v": 40000000000.0}, {"d": "2026-03-13", "v": 40000000000.0}, {"d": "2026-04-14", "v": 25000000000.0}, {"d": "2026-05-14", "v": 10000000000.0}, {"d": "2026-06-12", "v": 10000000000.0}, {"d": "2026-07-14", "v": 10000000000.0}, {"d": "2026-08-14", "v": 0.0}, {"d": "2026-09-15", "v": 0.0}], "sparkline_days": 365, "computed_at": "2026-09-23T14:05:00", "stated_by": null, "calm_band": null, "zero_band": null, "history": [{"d": "2025-12-12", "v": 40000000000.0}, {"d": "2026-01-15", "v": 40000000000.0}, {"d": "2026-02-13", "v": 40000000000.0}, {"d": "2026-03-13", "v": 40000000000.0}, {"d": "2026-04-14", "v": 25000000000.0}, {"d": "2026-05-14", "v": 10000000000.0}, {"d": "2026-06-12", "v": 10000000000.0}, {"d": "2026-07-14", "v": 10000000000.0}, {"d": "2026-08-14", "v": 0.0}, {"d": "2026-09-15", "v": 0.0}], "history_series": "rmp_planned_m", "companion_history": [{"series": "desk_tsy_purchases_m", "label": "Outright Treasury purchases settled (all purposes)", "points": [{"d": "2021-10-01", "v": 91811000000.0}, {"d": "2021-11-01", "v": 61208000000.0}, {"d": "2021-12-01", "v": 56207000000.0}, {"d": "2022-01-01", "v": 71011000000.0}, {"d": "2022-02-01", "v": 19808000000.0}, {"d": "2022-03-01", "v": 8000000000.0}, {"d": "2022-10-01", "v": 125000000.0}, {"d": "2022-11-01", "v": 25000000.0}, {"d": "2022-12-01", "v": 75000000.0}, {"d": "2023-02-01", "v": 50000000.0}, {"d": "2023-03-01", "v": 50000000.0}, {"d": "2023-04-01", "v": 50000000.0}, {"d": "2023-05-01", "v": 100000000.0}, {"d": "2023-06-01", "v": 50000000.0}, {"d": "2023-07-01", "v": 75000000.0}, {"d": "2023-08-01", "v": 75000000.0}, {"d": "2023-09-01", "v": 25000000.0}, {"d": "2023-10-01", "v": 50000000.0}, {"d": "2023-11-01", "v": 25000000.0}, {"d": "2023-12-01", "v": 75000000.0}, {"d": "2024-01-01", "v": 75000000.0}, {"d": "2024-02-01", "v": 48000000.0}, {"d": "2024-03-01", "v": 50000000.0}, {"d": "2024-04-01", "v": 50000000.0}, {"d": "2024-05-01", "v": 100000000.0}, {"d": "2024-06-01", "v": 75000000.0}, {"d": "2024-07-01", "v": 50000000.0}, {"d": "2024-08-01", "v": 25000000.0}, {"d": "2024-09-01", "v": 75000000.0}, {"d": "2024-10-01", "v": 75000000.0}, {"d": "2024-12-01", "v": 100000000.0}, {"d": "2025-01-01", "v": 50000000.0}, {"d": "2025-02-01", "v": 50000000.0}, {"d": "2025-03-01", "v": 50000000.0}, {"d": "2025-05-01", "v": 150000000.0}, {"d": "2025-06-01", "v": 50000000.0}, {"d": "2025-07-01", "v": 75000000.0}, {"d": "2025-08-01", "v": 100000000.0}, {"d": "2025-10-01", "v": 25000000.0}, {"d": "2025-11-01", "v": 50000000.0}, {"d": "2025-12-01", "v": 38099000000.0}, {"d": "2026-01-01", "v": 48164000000.0}, {"d": "2026-02-01", "v": 54310000000.0}, {"d": "2026-03-01", "v": 60361000000.0}, {"d": "2026-04-01", "v": 33845000000.0}, {"d": "2026-05-01", "v": 39200000000.0}, {"d": "2026-06-01", "v": 19846000000.0}, {"d": "2026-07-01", "v": 30405000000.0}, {"d": "2026-08-01", "v": 28662000000.0}]}, {"series": "reinvest_planned_m", "label": "Reinvestment purchases planned", "points": [{"d": "2025-12-12", "v": 14400000000.0}, {"d": "2026-01-15", "v": 15400000000.0}, {"d": "2026-02-13", "v": 13400000000.0}, {"d": "2026-03-13", "v": 13800000000.0}, {"d": "2026-04-14", "v": 15500000000.0}, {"d": "2026-05-14", "v": 16300000000.0}, {"d": "2026-06-12", "v": 16500000000.0}, {"d": "2026-07-14", "v": 17600000000.0}, {"d": "2026-08-14", "v": 17000000000.0}, {"d": "2026-09-15", "v": 15600000000.0}]}], "state_changes": [{"on": "2026-09-15", "from": "unknown", "to": "tracking", "value": "0.000000", "note": "Reserve-management purchases: the Desk's schedule is $0 B for the period from 15 Sep 2026; none since 14 Aug 2026 (last schedule $10 B per period). Outright Treasury purchases settled: $28.7 B in Aug 2026 (all purposes, including reinvestment of agency principal)."}], "state_history": [{"as_of": "2026-09-15", "state": "tracking", "value": "0.000000"}]}