New York Fed buys $1.5 billion agency bonds under purchase program

By Angela McDaniels

Tacoma, Wash., March 24 - The Federal Reserve Bank of New York accepted and purchased $1.5 billion of agency-issued securities with maturities from March 23, 2012 through Jan. 15, 2014, according to its website.

Holders submitted $6.78 billion of securities for purchase.

The outright agency coupon purchases will settle on March 25.

Fannie Mae notes

The purchases include the following notes issued by Fannie Mae:

• $1 million of 4.875% notes due May 18, 2012;

• $5 million of 4.375% notes due Sept. 15, 2012;

• $19 million of 4.75% notes due Nov. 19, 2012;

• $56 million of 3.625% notes due Feb. 12, 2013;

• $170 million of 1.75% notes due Feb. 22, 2013; and

• $214 million of 4.625% notes due Oct. 15, 2013.

Freddie Mac notes

The purchase includes the following notes issued by Freddie Mac:

• $343 million of 2.125% notes due March 23, 2012;

• $12 million of 1.75% notes due June 15, 2012;

• $100 million of 5.5% notes due Aug. 20, 2012;

• $44 million of 4.625% notes due Oct. 25, 2012;

• $22 million of 4.5% notes due Jan. 15, 2013;

• $66 million of 3.5% notes due May 29, 2013;

• $20 million of 4.875% notes due Nov. 15, 2013; and

• $10 million of 4.5% notes due Jan. 15, 2014.

FHLB notes

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

• $10 million of 4.625% notes due Oct. 10, 2012;

• $155 million of 4.5% notes due Nov. 15, 2012;

• $203 million of 1.625% notes due Nov. 21, 2012; and

• $50 million of 3.625% notes due Oct. 18, 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.