PRESS DIGEST- Financial Times - Sept 28
Sept 28 The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
NEW YORK Dec 6 The Federal Reserve bought $19.5 billion in agency mortgage-backed securities from Nov. 29 to Dec. 5, more than the $16.9 billion it bought in the prior week, the New York Federal Reserve Bank said on Thursday.
The U.S. central bank sold $800 million of mortgage securities guaranteed by Fannie Mae, Freddie Mac or the Government National Mortgage Association (Ginnie Mae) in the latest week. It sold $2.0 billion the previous week, the New York Fed said on its website.
On Sept. 14, the Fed began a $40 billion monthly increase in MBS purchases, its third round of large-scale bond buying known as QE3, in an attempt to support the housing recovery and boost economic growth.
Since October 2011, the Fed has been using funds from principal payments on the agency debt and agency MBS it holds to reinvest in agency MBS, which was an earlier move to help the housing market.
* Prepa to begin implementation of infrastructure vision with the order of Puerto Rico Energy Commission
* First Internet Bancorp announces pricing of $25 million of subordinated notes