The New York Federal Reserve said on Friday it bought $989 million of U.S. agency debt with maturities ranging from October 2016 to June 2018.
Dealers submitted $3.302 billion of agency debt for consideration in the purchase.
Friday's operation brings the N.Y. Fed's cumulative purchase of agency debt to about $164.759 billion since early December 2008.
The N.Y. Fed, which conducts open market operations for the U.S. central bank, has said it would buy about $175 billion of agency securities issued by Fannie Mae
(For more, please see: http://newyorkfed.org/markets/pomo/display/index.cfm?fuseaction=preannouncements&opertype=agny)
(Reporting by Lynn Adler, Editing by Chizu Nomiyama)