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Purchase of Freddie Mortgage-Backed Securities

Date: 
September 7, 2008
Who: 
Economic Target: 
Action Type: 
Amount Spent: 
$105.90 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 Freddie Mac mortgage-backed securities from the general fund of the Treasury constitutes an intergovernmental transfer, the deficit impact is zero.

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