New York Fed buys $1.53 billion of agency bonds under purchase program

By Angela McDaniels

Tacoma, Wash., Nov. 17 - The Federal Reserve Bank of New York accepted and purchased $1,531,000,000 of agency-issued securities with maturities from July 15, 2016 through July 15, 2032, according to its web site.

Holders submitted $4,375,000,000 of securities for purchase.

The outright agency coupon purchases will settle on Nov. 18.

Fannie Mae notes

The purchases include the following notes issued by Fannie Mae:

• $86 million of 5.375% notes due July 15, 2016;

• $64 million of 4.875% notes due Dec. 15, 2016;

• $150 million of 5% notes due Feb. 13, 2017;

• $272 million of 5% notes due May 11, 2017; and

• $61 million of 5.375% notes due June 12, 2017.

Freddie Mac notes

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

• $147 million of 5.5% notes due July 18, 2016;

• $74 million of 5.125% notes due Oct. 18, 2016;

• $11 million of 5% notes due Feb. 16, 2017;

• $218 million of 5% notes due April 18, 2017;

• $116 million of 5.5% notes due Aug. 23, 2017;

• $116 million of 5.125% notes due Nov. 17, 2017;

• $50 million of 4.875% notes due June 13, 2018;

• $7 million of 6.75% notes due March 15, 2031; and

• $4 million of 6.25% notes due July 15, 2032.

FHLB notes

In addition, the Fed is purchasing $155 million of 5% notes due Nov. 17, 2017 issued by the Federal Home Loan Banks.

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