Cumulative Purchases of Longer-term Treasury Securities (Jan. 2013 – Oct. 2014)
FAQs: Treasury Rollovers »
Open Market Operations: Transaction Data »
The FOMC directed the Desk to reinvest principal payments from the Federal Reserve’s holdings of agency debt and agency mortgage-backed securities (MBS) in agency MBS. This policy, by keeping the Committee’s holdings of agency MBS at sizable levels, should help maintain accommodative financial conditions.
The Desk conducts agency MBS small value exercises from time to time as matter of prudent advance planning by the Federal Reserve. The exercises are conducted under the annual authorization for domestic open market operations for the purpose of testing operational readiness. They do not represent a change in the stance of monetary policy, and no inference should be drawn about the timing of any change in the stance of monetary policy in the future.