The Federal Reserve today reported on their weekly purchases of agency mortgage-backed securities (MBS). In the five trading days between August 13 and August 19, the Federal Reserve purchased a gross total of $26.640 billion agency MBS. After subtracting sales (providing liquidity/the roll) the Fed's...
New York Fed purchases $33 billion net ($47 billion gross) in agency mortgage-backed securities.
The U.S. government is considering using the Fed's Term Asset Backed Securities Lending Facility to remove toxic assets from the balance sheets of financial institutions, according to sources cited by Bloomberg News. The comments come ahead of the Federal Open markets Committee' monetary policy...