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(AFX UK Focus) 2009-11-12 20:25
Fed bought $13.5 bln net in agency MBS in latest week
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NEW YORK, Nov 12 (Reuters) - The Federal Reserve bought $13.5 billion net of agency mortgage-backed securities in the latest week, the New York Fed said on its website on Thursday.
That is down from the previous week's net purchases of $16 billion.
The purchases brought the U.S. central bank's purchase of mortgage bonds guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae to roughly $1.007 trillion since January.
The Fed said it bought $45.287 billion gross of agency MBS from Nov. 5 through Nov. 11. At the same time, it sold $31.787 billion in mortgage securities.
The Fed aims to buy $1.25 trillion of agency MBS in a bid to bring down mortgage rates and to stimulate the battered housing sector and the overall economy.
(For more details on the purchases, please click on:

http://www.newyorkfed.org/markets/mbs/index.html)
(Reporting by Julie Haviv, Editing by Chizu Nomiyama)

(Reuters Messaging: julie.haviv.reuters.com@reuters.net; e-mail: julie.haviv@thomsonreuters.com; +1-646-223-6153)) Keywords: USA FED/AGENCY MBS

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