NEW YORK, March 14 The Federal Reserve bought
$21.55 billion of agency mortgage-backed securities from March 7
through 13, up from $18.9 billion it bought in the prior week,
the New York Federal Reserve Bank said on Thursday.
The U.S. central bank sold $3.35 billion in mortgage
securities guaranteed by Fannie Mae, Freddie Mac
or the Government National Mortgage Association, or
Ginnie Mae, in the latest week. It sold $600 million 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, a move to help the housing market.