At November 6, c.y., the Fed started using the new trading platform. Then, after publishing the FOMC Statement, the New York Fed published its own statement, regarding Standing Repo Operations, citation:
and another one, directing OMTD to start purchasing to the SOMA, citation:
So…
Going forward, standing overnight repo operations will no longer have an aggregate operational limit and will be conducted in a full allotment format using the FedTrade Plus trading platform
and another one, directing OMTD to start purchasing to the SOMA, citation:
increase System Open Market Account (SOMA) securities holdings to maintain an ample level of reserves through purchases in the secondary market of Treasury bills (or, if needed, of Treasury securities with remaining maturities of 3 years or less). These reserve management purchases (RMPs) will be sized to accommodate projected trend growth in the demand for Federal Reserve liabilities…
So…