N.Y. Fed buys $2.79 billion agencies under outright purchase program

By Jennifer Chiou

New York, Sept. 11 - The Federal Reserve Bank of New York announced the purchase of $2.793 billion more agency notes, this time with maturities from Sept. 16, 2013 to Jan. 19, 2016, for settlement on Monday under its outright agency coupon purchase program.

The total amount of submitted debt securities came to a par amount of $6.209 billion.

On Sept. 3, the agency accepted purchases of $3.779 billion of agency notes, also as part of its outright agency coupon purchase program.

The total amount of submitted debt securities came to a par amount of $7.558 billion, and the Fed targeted agency notes due Sept. 15, 2011 through Aug. 14, 2013 in the purchase.

On Aug. 28, the Fed said it accepted purchases of $1.945 billion of agency notes under the program. The total par amount submitted came to $4.7 billion.

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 submitted.

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

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