The Federal Reserve Bank of New York works to promote sound and well-functioning financial systems and markets through its provision of industry and payment services, advancement of infrastructure reform in key markets and training and educational support
to international institutions.
Agency Mortgage-Backed Securities Purchase Program
The Federal Reserve's $1.25 trillion program to purchase agency mortgage-backed securities was intended to provide support to mortgage lending and housing markets and to foster improved conditions in financial markets more generally.
The purchase phase was completed on March 31, 2010.