Pomo Purchase

The Fed initiated another POMO (Permanent Open Market Operation) purchase.  This where the Fed purchases treasuries from its primary dealers infusing them with cash.  Today, the Fed purchased $2.2 Billion.

Operation 1 - RESULTS

Operation Date:   09/30/2010
Operation Type:   Outright Coupon Purchase
Release Time:   10:15 AM
Close Time:   11:00 AM
Settlement Date:   10/01/2010
Maturity/Call Date Range:   02/15/2021 - 08/15/2040

Total Par Amt Accepted (mlns) :	$2,200
Total Par Amt Submitted (mlns) :	$11,499

This brings the total POMO purchase for the month of Sep10 to $27.527 Billion dollars and Aug10 to $8.925 Billion for a grand total in 2 months of this year (as they started POMO back up in Aug10) to $36.452 Billion.