Federal Reserve buys $1.42 billion of Treasuries

NEW YORK, Aug 26 (Reuters) - The Federal Reserve bought
$1.42 billion of U.S. Treasury debt maturing from November 2021
through November 2039 on Thursday, the New York Fed said in a
statement.

Dealers submitted $8.46 billion of Treasuries for
consideration in the purchase, the New York Fed said.

The Fed has said it intends to buy about $18 billion of
Treasuries from mid-August through mid-September using the
proceeds from maturing agency bonds and mortgage-backed
securities, in an effort to keep steady its holdings of
domestic securities.

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(Reporting by Chris Reese: )