Fed POMO Purchase

The Fed initiated another POMO (Permanent Open Market Operation) purchase today of $4.69 billion dollars of treasuries from its primary dealers.  This action is right on with the schedule that was published earlier (schedule).

This brings the Feds total purchase since 8/17/2010 to $48.401 billion dollars.

Operation 1 - RESULTS
Operation Date:	10/15/2010
Operation Type:	Outright Coupon Purchase
Release Time:	10:15 AM
Close Time:	11:00 AM
Settlement Date:	10/18/2010
Maturity/Call Date Range:	10/31/2014 - 09/30/2016
Total Par Amt Accepted (mlns) :	$4,690
Total Par Amt Submitted (mlns) :	$14,862