NY Fed to buy agency debt due 2016-2032 on Weds

NEW YORK Oct 20 (Reuters) - The New York Federal Reserve said on Tuesday it will buy agency coupon securities maturing between July 2016 and July 2032 in an open market operation on Wednesday.

The New York Fed, which conducts such operations for the Federal Reserve, has been buying debt issued by housing finance agencies Fannie Mae FNM.N FNM.P, Freddie Mac FRE.N FRE.P and the Federal Home Loan Bank system with the goal of lowering mortgage rates and stabilizing the housing market.

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(Reporting by Lynn Adler, Editing by Chizu Nomiyama)