Fed buys record $5.605 bln of agency debt Friday
NEW YORK, Aug 21 (Reuters) - The U.S. Federal Reserve bought $5.605 billion of Fannie Mae (FNM.P), Freddie Mac (FRE.P) and Federal Home Loan Bank debt on Friday, the New York Federal Reserve said on its Website. The purchase was a record-large size for a single operation since the Fed began such buying in early December. Dealers submitted $11.209 billion for consideration in the purchase, in which the Fed bought debt maturing between August 2010 and August 2011. For more details on the operation please click on: here (Reporting by Chris Reese; Editing by James Dalgleish) |