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 March 14 through March 20: $17,750 million
Sales (dollar rolls) from March 14 through March 20: $750 million
Net purchases from March 14 through March 20: $17,000 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 Rate Settlement Month FHLMC FNMA GNMA GNMA2
30 YEAR 2.5 April 0 100 0 0
3 April 3,000 5,500 0 750
3 May 0 0 350 2,050
3.5 April 450 800 0 0
3.5 May 100 200 150 900
15 YEAR 2 April 250 450 0 0
2.5 April 850 1450 0 0
3 April 150 250 0 0
TOTAL 4,800 8,750 500 3,700