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N.Y. Fed buys $4.047 billion agencies under outright purchase program
By Jennifer Chiou
New York, Sept. 18 - The Federal Reserve Bank of New York announced the purchase of $4.047 billion more agency notes, this time with maturities from Oct. 12, 2010 to Sept. 16, 2011, for settlement on Monday under its outright agency coupon purchase program.
The total amount of submitted debt securities came to a par amount of $8.993 billion.
On Sept. 11, the agency accepted purchases of $2.793 billion of agency notes, also as part of its outright agency coupon purchase program.
The total amount of submitted debt securities came to a par amount of $6.209 billion, and the Fed targeted agency notes due Sept. 16, 2013 to Jan. 19, 2016 in the purchase.
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