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"Whether counterfeiting is in the form of making brass or plastic coins that simulate gold, or of printing paper money to look like that of the government, counterfeiting is always a process in which the counterfeiter gets the new money first."

- Murray Rothbard (The Case Against the Fed)

Home The News Americas Fed Bought $23.025 Bln Net in Agency MBS in Latest Week
Fed Bought $23.025 Bln Net in Agency MBS in Latest Week
News - Americas
Written by Reuters   
Friday, 25 September 2009 13:40
NEW YORK, Sept 24 (Reuters) - The Federal Reserve bought $23.025 billion net of agency mortgage-backed securities in the latest week, the New York Fed said on its website on Thursday.

That was down from the previous week's net purchases of $25.45 billion.

The purchases brought the U.S. central bank's purchase of mortgage bonds guaranteed by Fannie Mae, Freddie Mac and the Federal Home Loan Bank system to roughly $884.9 billion since January.

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