New York Fed buys $1.1 billion of agency bonds under purchase program

By Angela McDaniels

Tacoma, Wash., Feb. 4 - The Federal Reserve Bank of New York accepted and purchased $1,099,000,000 of agency-issued securities with maturities from March 5, 2012 through Jan. 15, 2014, according to its web site.

Holders submitted $3,664,000,000 of securities for purchase.

The outright agency coupon purchases will settle on Feb. 5.

Fannie Mae notes

The purchases include the following notes issued by Fannie Mae:

• $53 million of 4.875% notes due May 18, 2012;

• $50 million of 1.75% notes due Aug. 10, 2012;

• $307 million of 1.75% notes due Feb. 22, 2013;

• $20 million of 4.375% notes due March 15, 2013;

• $1 million of 3.875% notes due July 12, 2013; and

• $25 million of 2.875% notes due Dec. 11, 2013.

Freddie Mac notes

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

• $2 million of 4.75% notes due March 5, 2012;

• $150 million of 2.125% notes due March 23, 2012;

• $1 million of 5.5% notes due Aug. 20, 2012;

• $107 million of 2.125% notes due Sept. 21, 2012;

• $62 million of 1.375% notes due Jan. 9, 2013;

• $47 million of 3.5% notes due May 29, 2013; and

• $2 million of 4.5% notes due Jan. 15, 2014.

FHLB notes

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

• $73 million 2.25% notes due April 13, 2012;

• $5 million 5.75% notes due May 15, 2012;

• $24 million of 1.75% notes due Aug. 22, 2012;

• $52 million of 1.625% notes due Sept. 26, 2012;

• $13 million of 5.125% notes due Aug. 14, 2013; and

• $105 million of 3.625% notes due Oct. 18, 2013.

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