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Fed buys $3.873 bln of agency debt on Friday

Fri Jul 10, 2009 11:11am EDT

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NEW YORK, July 10 (Reuters) - The U.S. Federal Reserve bought $3.873 billion of Fannie Mae (FNM.P), Freddie Mac (FRE.P) and the Federal Home Loan Bank's debt on Friday, the New York Federal Reserve said on its website.

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Dealers submitted $7.043 billion for consideration in the purchase, in which the Fed bought debt maturing between July 2010 and June 2011.

For more details on the operation please click on: here (Reporting by Chris Reese: Editing by Chizu Nomiyama )

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