Agency Commercial Mortgage-Backed Securities Operation Results

Effective March 23, 2020, the Federal Open Market Committee (FOMC) directed the Open Market Trading Desk (the Desk) at the Federal Reserve Bank of New York to purchase agency commercial MBS (CMBS) on behalf of the System Open Market Account (SOMA). The Desk purchased in the open market agency CMBS secured primarily by multifamily home mortgages that are guaranteed fully as to principal and interest by Fannie Mae, Freddie Mac, and Ginnie Mae and that the Desk has determined are suitable for purchase. Effective November 4, 2021, the Desk is no longer directed to purchase agency CMBS to sustain smooth functioning.
* deviations above these amounts may occur for operational reasons
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