NEW YORK Feb 17 The Federal Reserve bought
$15.0 billion of agency mortgage-backed securities Feb. 14-20,
less than the $20.6 billion it bought in the prior week, the New
York Federal Reserve Bank said on Thursday.
The U.S. central bank sold no mortgage securities guaranteed
by Fannie Mae, Freddie Mac or the Government
National Mortgage Association, or Ginnie Mae, in the latest
week. It sold $1.8 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
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