Agency MBS Historical Operational Results and Planned Purchase Amounts

Operational Results
In order to ensure the transparency of its agency mortgage-backed securities (MBS) transactions, the Open Market Trading Desk (the Desk) at the New York Fed will publish historical operational results, including information on the transaction prices in individual operations, at the end of each monthly period shown in the table below. Operational results will include agency MBS transactions associated with the additional asset purchases, the reinvestment of principal payments from agency debt and agency MBS in agency MBS, and small value exercises.

Reinvestment Purchase Amounts*
The Desk’s tentative agency MBS purchase amounts associated with the reinvestment of principal payments from agency debt and agency MBS in agency MBS are shown in the table below. The amounts listed are approximately equal to the amount of principal payments from agency debt and agency MBS expected to be received over the monthly period, adjusted for any variations from prior periods, as described more fully in the FAQs.

Additional Asset Purchase Amounts*
Additional agency MBS will be purchased at a monthly pace as directed by the FOMC in its March 19, 2014 statement. The Desk plans to purchase $25 billion in additional agency MBS over the month of April. The Desk will release the amount of additional planned purchases for May 2014 at 2 p.m. on April 30, 2014.

Small Value Exercise Amounts*

The Desk plans to conduct an exercise consisting of a series of small value purchase and sale operations of Agency MBS.

 

Date

Tentative Reinvestment Purchases**

Operational Results

April 11, 2014  –
May 12, 2014

The Desk plans to purchase approximately
$16 billion in its reinvestment purchase operations over the noted monthly period.

The next release of tentative reinvestment purchase amounts in agency MBS will be at 2 p.m. on May 12, 2014.

Operational results for this period will be released at 2 p.m. on May 13, 2014.

 

March 13, 2014  –
April 10, 2014

The Desk plans to purchase approximately
$16 billion in its reinvestment purchase operations over the noted monthly period.

Results EXCEL

February 13, 2014  –
March 12, 2014

The Desk plans to purchase approximately
$12 billion in its reinvestment purchase operations over the noted monthly period.

Results EXCEL

January 14, 2013 –
February 12, 2014

The Desk plans to purchase approximately
$18 billion in its reinvestment purchase operations over the noted monthly period.

Results EXCEL

December 12, 2013 –
January 13, 2014

The Desk plans to purchase approximately
$14 billion in its reinvestment purchase operations over the noted monthly period. The Desk will be staffed and operational the weeks of December 23, 2013 and December 30, 2013. Purchases on these days, and throughout the period, will continue to be guided by general MBS market conditions, including market liquidity and supply and demand conditions.

Results EXCEL

 

November 14, 2013 –
December 11, 2013

The Desk plans to purchase approximately
$15 billion in its reinvestment purchase operations over the noted monthly period.

Results EXCEL

October 11, 2013 –
November 13, 2013

The Desk plans to purchase approximately
$15 billion in its reinvestment purchase operations over the noted monthly period.

Results EXCEL

September 13, 2013 –
October 10, 2013

The Desk plans to purchase approximately
$20 billion in its reinvestment purchase operations over the noted monthly period.

Results EXCEL

August 13, 2013 –
September 12, 2013

The Desk plans to purchase approximately
$25 billion in its reinvestment purchase operations over the noted monthly period.

Results EXCEL

July 12, 2013 –
August 12, 2013

The Desk plans to purchase approximately
$25 billion in its reinvestment purchase operations over the noted monthly period.

Results EXCEL

June 13, 2013 –
July 11, 2013

The Desk plans to purchase approximately
$30 billion in its reinvestment purchase operations over the noted monthly period.

Results EXCEL

May 13, 2013 –
June 12, 2013

The Desk plans to purchase approximately
$27 billion in its reinvestment purchase operations over the noted monthly period.

Results EXCEL

Apr 11, 2013 –
May 10, 2013

The Desk plans to purchase approximately
$26 billion in its reinvestment purchase operations over the noted monthly period.

Results EXCEL

Mar 13, 2013 –
Apr 10, 2013

The Desk plans to purchase approximately
$29 billion in its reinvestment purchase operations over the noted monthly period.

Results EXCEL

Feb 13, 2013 –
Mar 12, 2013

The Desk plans to purchase approximately
$31 billion in its reinvestment purchase operations over the noted monthly period.

Results EXCEL

Jan 14, 2013 –
Feb 12, 2013

The Desk plans to purchase approximately
$34 billion in its reinvestment purchase operations over the noted monthly period.

Results EXCEL

Dec 13, 2012 –
Jan 11, 2013

The Desk plans to purchase approximately
$34 billion in its reinvestment purchase
operations over the noted monthly period. The Desk will be staffed and operational the week of December 24-28 and on December 31, 2012. Purchases on these days, and throughout the period, will continue to be guided by general MBS market conditions, including market liquidity and supply and demand conditions.

Results EXCEL

 

Nov 14 – Dec 12, 2012

The Desk plans to purchase approximately
$35 billion in its reinvestment purchase
operations over the noted monthly period.

Results EXCEL

Oct 12 - Nov 13, 2012

The Desk plans to purchase approximately
$29 billion in its reinvestment purchase
operations over the noted monthly period.

Results EXCEL

Sep 14 - Oct 11, 2012

The Desk plans to purchase approximately
$37 billion in its reinvestment purchase
operations over the noted monthly period.

Results EXCEL

Aug 13 - Sep 13, 2012

The Desk plans to purchase approximately
$30 billion in its operations over the noted
monthly period.

Results EXCEL

Jul 13 - Aug 10, 2012

The Desk plans to purchase approximately
$27 billion in its operations over the noted
monthly period.

Results EXCEL

Jun 13 - Jul 12, 2012

The Desk plans to purchase approximately
$25 billion in its operations over the noted
monthly period.

Results EXCEL

May 11 - Jun 12, 2012

The Desk plans to purchase approximately
$25 billion in its operations over the noted
monthly period.

Results EXCEL

Apr 12 - May 10, 2012

The Desk plans to purchase approximately
$29 billion in its operations over the noted
monthly period.

Results EXCEL

Mar 13 - Apr 11, 2012

The Desk plans to purchase approximately
$29 billion in its operations over the noted
monthly period.

Results EXCEL

Feb 13 - Mar 12, 2012

The Desk plans to purchase approximately
$24 billion in its operations over the noted
monthly period.

Results EXCEL

Jan 13 - Feb 10, 2012

The Desk plans to purchase approximately
$25 billion in its operations over the noted
monthly period.

Results EXCEL

Dec 13, 2011 -
Jan 12, 2012

The Desk plans to purchase approximately
$30 billion in its operations over the noted
monthly period.

Results EXCEL

Nov 14 - Dec 12, 2011

The Desk plans to purchase approximately
$28 billion in its operations over the noted
monthly period.

Results EXCEL

Oct 14 - Nov 10, 2011

The Desk plans to purchase approximately
$22 billion in its operations over the noted
monthly period.

Results EXCEL

Oct 3 - Oct 13, 2011

An approximate purchase amount of $10 billion was announced in the Desk’s FAQs published on September 26, 2011. This amount represented an approximation of the remainder of principal payments from agency debt and agency MBS to be reinvested in agency MBS over this time, based on the reinvestment schedule released in mid-September.

Results EXCEL

*Note: MBS purchase amounts published by the Desk are based on already announced FOMC decisions, and make no assumptions about future policy actions. Accordingly, if the FOMC announced a modification to its policy stance with a new policy directive, the Desk would release an updated statement regarding MBS purchases.
**Note: The New York Fed publishes a summary of the most recent SOMA agency MBS transaction activity on its website on a weekly basis.
 
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