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Fed to Aim for $2.65 Trillion in Domestic Securities Holdings

The Federal Reserve will aim to keep the domestic securities holdings in its System Open Market Account at about $2.654 trillion, according to a statement today from the Federal Reserve Bank of New York.

The central bank is this month completing a $600 billion bond purchase-program as scheduled and will maintain its existing policy of reinvesting principal payments from its securities holdings, the policy-setting Federal Open Market Committee said today in a statement after a two-day meeting in Washington. Fed officials said they will maintain their record monetary stimulus to support a flagging economic recovery.