The U.S. Department of Treasury said in a new report on the public private investment program that the nine funds participating in the program drew down a total market value of $3.4 billion of non-agency RMBS and CMBS as of Dec. 31.        

The report said the funds have $24.8 billion of purchasing power left. Of the combined portfolio holdings, about 87% was non-agency RMBS and 13% CMBS.

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