N.Y. Fed buys back $1.95 billion notes under outright purchase program

By Jennifer Chiou

New York, Aug. 28 - The Federal Reserve Bank of New York announced that it accepted purchases of $1.945 billion of agency notes as part of its outright agency coupon purchase program.

The total amount of submitted par buybacks came to $4.7 billion.

The Fed targeted agency notes due March 15, 2016 through July 15, 2032.

On Aug. 21, the Fed purchased $5.605 billion of agency notes due Aug. 23, 2010 through Aug. 19, 2011 out of $11.209 billion of submitted buybacks.

A previous buyback, on June 23, took out $2.072 billion of agency securities due 2013 to 2015 from the market.

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