Agency MBS Transaction Summary

On September 13, 2012, the Federal Open Market Committee (FOMC) directed the Open Market Trading Desk (the Desk) at the Federal Reserve Bank of New York to begin purchasing additional agency MBS at a pace of $40 billion per month. The FOMC also directed the Desk to maintain its existing policy of reinvesting principal payments from the Federal Reserve's holdings of agency debt and agency MBS in agency MBS. The FOMC noted that these actions should put downward pressure on longer-term interest rates, support mortgage markets, and help to make broader financial conditions more accommodative.

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Gross purchases from January 10 through January 16: $21,900 million
Sales (dollar rolls) from January 10 through January 16: $2,400 million
Net purchases from January 10 through January 16: $19,500 million

All amounts reflect current face

Purchases summarize all trades executed during the indicated period including purchases associated with dollar rolls.

Transactions ($ million)
Maturity
Coupon
Settlement Month
FHLMC
FNMA
GNMA
GNMA2
30 Year
2.5 February 150 250 0 100
3 February 3,400 3,950 600 3,450
3 March 0 4,850 0 0
3.5 February 0 0 100 500
3.5 March 300 600 0 0
15 Year
2 February 0 100 0 0
2.5 February 1,150 2,100 0 0
3 February 100 200 0 0
Total 5,100 12,050 700 4,050