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.

Gross purchases from July 11 through July 17: $17,650 million
Sales (dollar rolls) from July 11 through July 17: $1,850 million
Net purchases from July 11 through July 17: $15,800 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
3 Aug 450 650 100 300
3.5 Aug 1,850 2,850 200 950
3.5 Sep 300 550 0 0
4 Sep 1,200 2,300 350 1,400
15 Year
2 Aug 0 550 0 0
2.5 Aug 150 200 0 0
3 Aug 1,250 2,050 0 0
Total 5,200 9,150 650 2,650