New York Fed buys $1.85 billion of agency bonds under purchase program

By Angela McDaniels

Tacoma, Wash., Nov. 10 - The Federal Reserve Bank of New York accepted and purchased $1,845,000,000 of agency-issued securities with maturities from Feb. 25, 2011 through Oct. 15, 2011, according to its web site.

Holders submitted $5,272,000,000 of securities for purchase.

The outright agency coupon purchases will settle on Nov. 12.

Fannie Mae notes

The purchases include the following notes issued by Fannie Mae:

• $59 million of 2.75% notes due April 11, 2011;

• $87 million of 5.125% notes due April 15, 2011;

• $194 million of 1.375% notes due April 28, 2011;

• $119 million of 6% notes due May 15, 2011;

• $194 million of 3.375% notes due May 19, 2011;

• $10 million of 3.625% notes due Aug. 15, 2011; and

• $69 million of 5% notes due Oct. 15, 2011.

Freddie Mac notes

The Fed is also purchasing the following notes issued by Freddie Mac:

• $19 million of 3.25% notes due Feb. 25, 2011;

• $85 million of 1.625% notes due April 26, 2011;

• $22 million of 6% notes due June 15, 2011;

• $70 million 3.875% notes due June 29, 2011;

• $67 million of 5.25% notes due July 18, 2011; and

• $2 million of 5.5% notes due Sept. 15, 2011.

FHLB notes

Finally, the purchases also include the following notes issued by the Federal Home Loan Banks:

• $19 million of 1.625% notes due March 16, 2011;

• $28 million of 1.375% notes due May 16, 2011;

• $22 million of 2.625% notes due May 20, 2011;

• $130 million of 3.375% notes due June 24, 2011;

• $34 million of 3.625% notes due July 1, 2011;

• $562 million of 1.625% notes due July 27, 2011; and

• $53 million of 5.375% notes due Aug. 19, 2011.

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