NEW YORK, July 31 The Federal Reserve bought
$7.205 billion of agency mortgage-backed securities July 24-30,
less than the $9.508 billion purchased the previous period, the
New York Federal Reserve Bank said on Thursday.
In a move to help the housing market begun in 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.
On Wednesday, the Fed said it will further reduce its
purchases of MBS starting in August to $10 billion a month from
$15 billion, as the central bank aims to wrap up its third round
of large-scale bond buying due to continued improvement in the
(Reporting by Richard Leong; Editing by James Dalgleish)