NEW YORK, Jan 2 (Reuters) – The Federal Reserve bought no agency mortgage-backed securities in the week
from Dec. 26 to Dec. 31, compared with $825 million purchased the previous week, the New York Federal Reserve Bank said on Thursday.
In a move to help the housing market begun in October 2011, the U.S. central bank has been using funds from principal payments
on the agency debt and agency mortgage-backed securities, or MBS, it holds to reinvest in agency MBS.
The New York Fed said on its website the Fed sold no mortgage securities guaranteed by Fannie Mae
in the latest week. It sold none the prior week.
((New York Treasury Desk +1-646-223-6300))