The Federal Open Market Committee (FOMC) issued a statement Tuesday indicating that the Federal Reserve will follow through with its plans to end its purchases of agency MBS this month as well as with plans to end Term Asset-Backed Securities Lending Facility (TALF) supporting loans backed by new-issue CMBS in June.

The agency MBS and debt purchases "are nearing completion, and the remaining transactions will be executed by the end of this month," the FOMC said.

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