New York Fed buys $978 million agency bonds under purchase program

By Angela McDaniels

Tacoma, Wash., Feb. 24 - The Federal Reserve Bank of New York accepted and purchased $978 million of agency-issued securities with maturities from Sept. 26, 2012 through Dec. 11, 2013, according to its web site.

Holders submitted $3.26 billion of securities for purchase.

The outright agency coupon purchases will settle on Feb. 25.

Fannie Mae notes

The purchases include the following notes issued by Fannie Mae:

• $195 million of 4.375% notes due March 15, 2013;

• $19 million of 4.625% notes due Oct. 15, 2013; and

• $98 million of 2.875% notes due Dec. 11, 2013.

FHLB notes

The Fed is also purchasing the following notes issued by the Federal Home Loan Banks:

• $6 million of 1.625% notes due Sept. 26, 2012;

• $184 million of 1.625% notes due Nov. 21, 2012;

• $61 million of 3.375% notes due Feb. 27, 2013;

• $409 million of 1.625% notes due March 20, 2013; and

• $6 million of 5.125% notes due Aug. 14, 2013.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.