FED POMO Purchases This Week

The FED performed multiple POMO (Permanent Open Market Operation) purchases this week.  A POMO purchase involves the FED purchasing bonds from its 12 primary dealers (which they purchased with printed money from the Treasury).  The total POMO purchases since November 3rd 2010 (when FED announced the printing of $600/900 billion dollars by June of 2011) to $405.776.  The total since August 17th 2010 is $470.236 billion dollars.