Purchase of Fannie Mortgage-Backed Securities
Data File:
Date:
September 7, 2008
Who:
Treasury
Policy Area:
Sector Policy (Non-Financial)
Economic Target:
Government and GSEs
Action Type:
Equity Purchase
Amount Spent:
$114.80 billion Program allows the Treasury Department to purchase government sponsored enterprise (GSE) mortgage-backed securities in the open market.
Notes:
Maximum purchases of mortgage-backed securities are unlimited. Figure for amount spent is current as of 3/2/2010 (http://www.fhfa.gov/Default.aspx?Page=70). Since the purchase of Fannie Mae mortgage-backed securities from the general fund of the Treasury constitutes an intergovernmental transfer, the deficit impact is zero.