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 June 13 through June 19: $18,150 million
Sales (dollar rolls) from June 13 through June 19: $750 million
Net purchases from June 13 through June 19: $17,400 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 July 1,750 3,150 250 1,300
3.5 July 750 1,350 250 1,750
3.5 Aug 1,100 2,250 0 0
15 Year
2 July 0 250 0 0
2.5 July 250 750 0 0
2.5 Aug 500 1,100 0 0
3 July 400 450 0 0
3 Aug 100 450 0 0
Total 4,850 9,750 500 3,050