The Federal Reserve Bank of New York started buying mortgage-backed securities Monday and said it would begin making weekly disclosures of the amounts purchased on Thursday.

The securities it is buying have fixed rates and are guaranteed by Fannie Mae, Freddie Mac, and the Government National Mortgage Association. The New York Fed chose BlackRock Inc., Goldman Sachs Asset Management, Pacific Investment Management Co., and Wellington Management Co. to manage the $500 billion purchase of mortgage-backed securities it plans to complete by June.

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