NEW YORK Jan 31 The U.S. Federal Reserve plans
to purchase about $35 billion in longer-dated Treasuries in 18
operations in February as part of its latest stimulus program,
the New York Federal Reserve said on its website on Friday.
The Fed earlier this week announced the second consecutive
cut to the size of the stimulus program, under which the U.S.
central bank was originally spending $85 billion a month buying
Treasuries and mortgage-backed securities.
It first pared that to $75 billion starting in January and
on Wednesday announced a further $10 billion cut starting in
February, equally divided between Treasuries and mortgage bonds.