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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.
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