8  As of June 10, the Federal Reserve held $ billion of agency MBS and $ billion of agency debt (of which almost all was purchased since late November) and $ billion of Treasury securities (of which $ billion was purchased since March). BIS Review 78/2009  5  than they were in November.
That said, mortgage rates have recently risen with the increase in Treasury rates. Fiscal policy: Emergency Economic Stabilization Act In October 2008, the Congress passed the Emergency Economic Stabilization Act (EESA), which enabled a series of initiatives to provide confidence in the financial system and to strengthen market stability.