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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.
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