New York Fed buys $950 million of agency bonds under purchase program

By Angela McDaniels

Tacoma, Wash., Jan. 7 - The Federal Reserve Bank of New York accepted and purchased $950 million of agency-issued securities with maturities from July 15, 2016 through July 15, 2032, according to its web site.

Holders submitted $3,169,000,000 of securities for purchase.

The outright agency coupon purchases will settle on Jan. 8.

Fannie Mae notes

The purchases include the following notes issued by Fannie Mae:

• $2 million of 5.375% notes due July 15, 2016;

• $8 million of 5% notes due Feb. 13, 2017;

• $37 million of 5% notes due May 11, 2017;

• $204 million of 5.375% notes due June 12, 2017;

• $241 million of 7.125% notes due Jan. 15, 2030; and

• $30 million of 7.25% notes due May 15, 2030.

Freddie Mac notes

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

• $1 million of 5.5% notes due July 18, 2016;

• $131 million of 5.125% notes due Oct. 18, 2016;

• $72 million of 5.5% notes due Aug. 23, 2017;

• $13 million of 5.125% notes due Nov. 17, 2017;

• $155 million of 4.875% notes due June 13, 2018; and

• $29 million of 6.25% notes due July 15, 2032.

FHLB notes

In addition, the Fed is purchasing $27 million of 5% notes due Nov. 17, 2017 issued by the Federal Home Loan Banks.

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