NEW YORK, July 11 The Federal Reserve bought
$13.3 billion of agency mortgage-backed securities from July 4
through July 11, less than the $16.9 billion it purchased last
week, the New York Federal Reserve Bank said on Thursday.
In a move to help the housing market, since October 2011 the
U.S. central bank has been using funds from principal payments
on the agency debt and agency mortgage-backed securities, or
MBS, it holds to reinvest in agency MBS.
The New York Fed said on its website the Fed 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 none the prior week.
Last Sept. 14, the Fed increased its purchases of MBS to $40
billion a month in its third round of large-scale bond buying in
an attempt to support the housing recovery and boost economic