• Fed Continues Slower Agency MBS Purchases
• Fed Buys Another $16Bn of Agency MBS
• NY Fed Slows Weekly MBS Purchases
• Fed’s Weekly MBS Purchases Stay $31bn Strong
• Fed MBS Purchases Slow; Balance Sheet Swells

The Federal Reserve Bank of New York bought another $16bn of agency mortgage-backed securities (MBS) in the week ending November 18.

The Fed’s gross weekly purchases totaled $17.2bn. The Fed bought $5.9bn from Freddie Mac (FRE: 1.1701 +0.87%), $4.55bn from Fannie Mae (FNM: 0.99 0.00%) and $6.77bn from Ginnie Mae.

The Fed also sold $1.23bn of agency MBS — $800m of Fannie and $425m of Ginnie MBS — the same week, bringing net purchases to $16bn.

The weekly purchases push the Fed’s net purchases to $1.02trn, according to weekly commentary by Barclays Capital (BarCap). Most of the Fed’s net purchases (58%) were issued by Fannie, while Freddie accounts for 33% of net purchases and Ginnie accounts for 9%.

Write to Diana Golobay.