Fed buys $8 billion of mortgage bonds, sells none

October 13, 2016 2:14 PM EDT

A police officer keeps watch in front of the U.S. Federal Reserve in Washington October 12, 2016. REUTERS/Kevin Lamarque

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NEW YORK (Reuters) - The Federal Reserve bought $7.957 billion of agency mortgage-backed securities in the week

from Oct. 6 to Oct. 12, compared with $10.901 billion purchased the previous week, the New York Federal Reserve Bank said on Thursday.

In a move to help the housing market begun in October 2011, the U.S. central bank has been using funds from principal payments

on the agency debt and agency mortgage-backed securities, or MBS, it holds to reinvest in agency MBS.

The New York Fed said on its website the Fed sold no mortgage securities guaranteed by Fannie Mae , Freddie Mac or the Government National Mortgage Association, or Ginnie Mae,

in the latest week. It sold none the prior week.

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