Michael Pond, Michael.Pond@barcap.

com (212) 412-5051

Fed's Treasury Purchases as of October 13, 2009 Anshul Pradhan, Anshul.Pradhan@barcap.com (212) 412-3681
Chirag Mirani, Chirag.Mirani@barcap.com (212) 412-6819

Fed Purchases by Security Type Purchase/offer Ratio

Amount Purchased Offerred
Security Type ($bn) % of Purchase Auction Date Security Type Maturity Range Purchased ($bn) ($bn) Ratio
Nominal 292.5 98% 10/13/2009 Nominal 05/16 - 08/19 2.9 13.5 22%
TIPS 4.6 2% 10/7/2009 Nominal 02/20 - 02/26 1.3 7.9 16%
Total 297.0 100% 9/29/2009 Nominal 05/12 - 11/13 3.5 20.0 18%
9/21/2009 Nominal 12/13 - 04/16 4.1 15.3 26%
Fed Purchases by Maturity 9/16/2009 Nominal 08/10 - 04/11 1.8 16.4 11%
% of Outstanding in 9/15/2009 Nominal 02/20 - 02/26 2.0 7.0 29%
Maturity Type Amt Purchsed($bn) 10yr Eq, $bn % of Total Purchase Each Sector 9/8/2009 Nominal 05/16 - 08/19 5.0 14.5 34%
1-2.5y Nominal 43.3 9.5 15% 3.66% 9/1/2009 Nominal 05/12 - 11/13 5.6 17.0 33%
TIPS 2.8 0.2 1% 3.68% 8/26/2009 Nominal 08/26 - 08/39 2.3 7.4 31%
Subtotal 46.1 9.7 16% 8/24/2009 Nominal 05/11 - 04/12 6.1 29.4 21%
2.5-4y Nominal 64.7 21.2 22% 9.63% 8/19/2009 Nominal 02/20 - 02/26 2.6 13.1 20%
TIPS 10.0 0.0 3% 0.01% 8/17/2009 Nominal 12/13 - 04/16 7.0 15.9 44%
Subtotal 74.7 21.2 25% 8/11/2009 Nominal 08/26 - 05/39 2.7 11.3 24%
4-6y Nominal 66.0 34.0 22% 11.16% 8/10/2009 Nominal 05/12 - 11/13 6.6 22.0 30%
TIPS 0.3 0.1 0% 0.30% 8/6/2009 Nominal 05/16 - 05/19 7.0 48.2 15%
Subtotal 66.2 34.1 22% 8/5/2009 Nominal 12/13 - 04/16 7.2 17.9 40%
6-8y Nominal 71.3 49.4 24% 14.53% 7/30/2009 Nominal 05/12 - 11/13 6.5 20.3 32%
TIPS 0.4 0.2 0% 0.56% 7/29/2009 Nominal 08/19 - 02/26 3.0 11.7 26%
Subtotal 71.7 49.6 24% 7/23/2009 Nominal 08/26 - 05/39 3.0 7.4 41%
8-12y Nominal 19.0 16.5 6% 4.20% 7/21/2009 Nominal 05/16 - 05/19 7.0 18.5 38%
TIPS 0.0 0.0 0% 0.00% 7/16/2009 TIPS 01/10 - 04/32 1.5 9.2 16%
Subtotal 19.0 16.5 6% 7/14/2009 Nominal 05/11 - 04/12 7.5 14.7 51%
12 - 20y Nominal 21.5 25.8 7% 8.43% 7/9/2009 Nominal 07/10 - 04/11 3.0 17.1 18%
TIPS 1.1 1.4 0% 0.83% 7/6/2009 Nominal 12/13 - 04/16 7.0 18.2 39%
Subtotal 22.6 27.2 8% 7/1/2009 Nominal 08/19 - 02/26 3.0 9.5 32%
20 - 30y Nominal 6.6 12.3 2% 2.64% 6/30/2009 Nominal 05/16 - 05/19 7.0 23.6 30%
TIPS 0.0 0.0 0% 0.00% 6/25/2009 Nominal 08/26 - 05/39 3.2 9.5 34%
Subtotal 6.6 12.3 2% 6/22/2009 Nominal 12/13 - 04/16 7.5 20.7 36%
Total 297.0 170.7 100% 7% 6/17/2009 Nominal 05/16 - 05/19 7.0 26.2 27%
6/16/2009 Nominal 05/12 - 11/13 6.5 31.3 21%
35% 16% 6/10/2009 Nominal 08/19 - 02/26 3.5 11.0 32%
30% 14% 6/8/2009 Nominal 12/13 - 04/16 7.5 30.0 25%
% of Notionals 6/4/2009 Nominal 05/11 - 04/12 7.5 36.6 20%
12%
25% % of 10yr Equivalents 6/3/2009 Nominal 05/16 - 05/19 7.5 21.1 36%
10% 5/27/2009 Nominal 05/12 - 08/13 6.0 18.8 32%
20%
8% 5/26/2009 TIPS 01/10 - 04/32 1.6 8.5 18%
15% 5/21/2009 Nominal 09/13 - 02/16 7.4 45.7 16%
6%
5/20/2009 Nominal 02/16 - 05/19 7.7 37.2 21%
10%
4% 5/18/2009 Nominal 08/19 - 02/26 3.2 15.2 21%
5%
2% 5/14/2009 Nominal 05/10 - 02/11 3.0 27.1 11%
5/12/2009 Nominal 05/12 - 08/13 6.0 22.9 26%
0% 0% 5/11/2009 Nominal 08/26 - 02/39 3.5 10.4 34%
1-2.5y 2.5-4y 4-6y 6-8y 8-12y 12 - 20y 20 - 30y TIPS 1-2.5y 2.5-4y Nominal
4-6y 6-8y - 04/12 8-12y 12 - 20y 2038.0
- 30y TIPS
5/6/2009 03/11 6.9 18%
Sector Purchase as % of Total Purchase 5/4/2009 Purchase 02/16
Nominalas % of Total - 02/19
Outstanding in Each 8.5
Sector 29.1 29%
4/30/2009 Nominal 08/19 - 02/26 3.0 11.7 26%
4/27/2009 Nominal 09/13 - 02/16 7.0 23.4 30%
Please see analyst certification(s) and important disclosures starting on page 6 4/23/2009 Nominal 05/12 - 08/13 7.0 16.0 44%
Source for all figures and tables: NYFRB, Barclays Capital 4/21/2009 Nominal 02/16 - 02/19 7.0 26.8 26%
Fed's Treasury Purchases, as of October 13, 2009
1
Fed Purchases by Security
Updated Fed
Total Amount Purchases as holdings as % of
Securities Purchased ($mn) Outstanding ($mn) % of Float Float
T 4 04/15/10 600 15,001 4.0% 14.0%
T 2 1/8 04/30/10 0 32,752 0.0% 8.0%
T 3 7/8 05/15/10 0 18,749 0.0% 15.0%
T 4 1/2 05/15/10 0 18,942 0.0% 21.0%
T 2 5/8 05/31/10 50 32,407 0.2% 7.2%
T 3 5/8 06/15/10 0 14,001 0.0% 3.0%
T 2 7/8 06/30/10 0 33,219 0.0% 10.0%
T 3 7/8 07/15/10 16 13,001 0.1% 0.1%
T 2 3/4 07/31/10 0 34,421 0.0% 10.0%
T 5 3/4 08/15/10 0 22,438 0.0% 12.0%
T 4 1/8 08/15/10 40 14,963 0.3% 12.3%
T 2 3/8 08/31/10 0 34,653 0.0% 8.0%
T 3 7/8 09/15/10 0 13,001 0.0% 6.0%
T 2 09/30/10 0 37,148 0.0% 8.0%
T 4 1/4 10/15/10 0 13,001 0.0% 4.0%
T 1 1/2 10/31/10 523 35,507 1.5% 5.5%
T 4 1/2 11/15/10 0 15,961 0.0% 14.0%
T 1 1/4 11/30/10 1,382 38,520 3.6% 10.6%
T 4 3/8 12/15/10 350 13,001 2.7% 7.7%
T 0 7/8 12/31/10 2,189 40,777 5.4% 12.4%
T 4 1/4 01/15/11 0 13,001 0.0% 0.0%
T 0 7/8 01/31/11 534 41,698 1.3% 5.3%
T 5 02/15/11 25 23,436 0.1% 7.1%
T 4 1/2 02/28/11 418 17,500 2.4% 13.4%
T 0 7/8 02/28/11 1,415 42,145 3.4% 8.4%
T 4 3/4 03/31/11 100 17,498 0.6% 11.6%
T 0 7/8 03/31/11 1,085 41,897 2.6% 2.6%
T 4 7/8 04/30/11 437 17,501 2.5% 13.5%
T 0 7/8 04/30/11 2,553 41,387 6.2% 6.2%
T 4 7/8 05/31/11 87 17,145 0.5% 7.5%
T 0 7/8 05/31/11 6,515 41,287 15.8% 15.8%
T 5 1/8 06/30/11 0 17,500 0.0% 13.0%
T 4 7/8 07/31/11 463 16,831 2.8% 11.8%
T 5 08/15/11 0 26,635 0.0% 8.0%
T 4 5/8 08/31/11 631 17,501 3.6% 12.6%
T 4 1/2 09/30/11 1,902 17,500 10.9% 14.9%
T 4 5/8 10/31/11 699 16,181 4.3% 18.3%
T 1 3/4 11/15/11 1,066 29,443 3.6% 18.6%
Fed's Treasury Purchases, as of October 13, 2009
2
Fed Purchases by Security
Updated Fed
Total Amount Purchases as holdings as % of
Securities Purchased ($mn) Outstanding ($mn) % of Float Float
T 4 1/2 11/30/11 626 17,037 3.7% 21.7%
T 1 1/8 12/15/11 1,574 28,841 5.5% 8.5%
T 4 5/8 12/31/11 746 16,131 4.6% 11.6%
T 1 1/8 01/15/12 2,086 32,484 6.4% 14.4%
T 4 3/4 01/31/12 71 14,930 0.5% 14.5%
T 4 7/8 02/15/12 318 24,780 1.3% 11.3%
T 1 3/8 02/15/12 4,370 33,630 13.0% 18.0%
T 4 5/8 02/29/12 644 16,637 3.9% 27.9%
T 1 3/8 03/15/12 9,623 34,605 27.8% 27.8%
T 4 1/2 03/31/12 141 16,354 0.9% 14.9%
T 1 3/8 04/15/12 9,765 35,558 27.5% 27.5%
T 4 1/2 04/30/12 648 16,450 3.9% 18.9%
T 1 3/8 05/15/12 2,199 41,194 5.3% 5.3%
T 4 3/4 05/31/12 2,649 16,236 16.3% 30.3%
T 1 7/8 06/15/12 8,129 35,370 23.0% 23.0%
T 4 7/8 06/30/12 3,662 15,903 23.0% 35.0%
T 1 1/2 07/15/12 6,079 35,592 17.1% 17.1%
T 4 5/8 07/31/12 2,794 15,804 17.7% 28.7%
T 4 3/8 08/15/12 246 19,648 1.3% 18.3%
T 1 3/4 08/15/12 5,174 42,715 12.1% 12.1%
T 4 1/8 08/31/12 1,265 16,091 7.9% 26.9%
T 1 3/8 09/15/12 3,515 38,082 9.2% 9.2%
T 4 1/4 09/30/12 791 15,874 5.0% 23.0%
T 3 7/8 10/31/12 961 15,510 6.2% 22.2%
T 4 11/15/12 819 18,113 4.5% 5.5%
T 3 3/8 11/30/12 601 15,953 3.8% 22.8%
T 3 5/8 12/31/12 342 15,657 2.2% 19.2%
T 2 7/8 01/31/13 197 15,700 1.3% 12.3%
T 3 7/8 02/15/13 1,465 19,498 7.5% 16.5%
T 2 3/4 02/28/13 1,454 17,784 8.2% 18.2%
T 2 1/2 03/31/13 1,241 20,571 6.0% 18.0%
T 3 1/8 04/30/13 669 20,743 3.2% 11.2%
T 3 5/8 05/15/13 3,543 18,254 19.4% 20.4%
T 3 1/2 05/31/13 1,530 20,518 7.5% 14.5%
T 3 3/8 06/30/13 370 22,145 1.7% 11.7%
T 3 3/8 07/31/13 2,403 23,314 10.3% 20.3%
T 4 1/4 08/15/13 1,116 33,521 3.3% 16.3%
T 3 1/8 08/31/13 24 23,837 0.1% 8.1%
Fed's Treasury Purchases, as of October 13, 2009
3
Fed Purchases by Security
Updated Fed
Total Amount Purchases as holdings as % of
Securities Purchased ($mn) Outstanding ($mn) % of Float Float
T 3 1/8 09/30/13 1,049 26,220 4.0% 12.0%
T 2 3/4 10/31/13 2,585 25,063 10.3% 14.3%
T 4 1/4 11/15/13 1,031 30,637 3.4% 9.4%
T 2 11/30/13 1,500 27,819 5.4% 12.4%
T 1 1/2 12/31/13 199 30,044 0.7% 7.7%
T 1 3/4 01/31/14 5,428 31,273 17.4% 21.4%
T 4 02/15/14 803 28,081 2.9% 7.9%
T 1 7/8 02/28/14 10,079 33,714 29.9% 34.9%
T 1 3/4 03/31/14 5,787 35,612 16.3% 16.3%
T 1 7/8 04/30/14 5,415 36,213 15.0% 15.0%
T 4 3/4 05/15/14 220 27,303 0.8% 11.8%
T 2 1/4 05/31/14 6,821 36,170 18.9% 18.9%
T 2 5/8 06/30/14 4,988 38,075 13.1% 13.1%
T 2 5/8 07/31/14 2,698 39,977 6.7% 6.7%
T 4 1/4 08/15/14 1,111 24,722 4.5% 11.5%
T 4 1/4 11/15/14 274 25,473 1.1% 10.1%
T 11 1/4 02/15/15 1,766 12,668 13.9% 31.9%
T 4 02/15/15 3,595 34,215 10.5% 13.5%
T 4 1/8 05/15/15 7,045 34,472 20.4% 27.4%
T 10 5/8 08/15/15 235 7,150 3.3% 32.3%
T 4 1/4 08/15/15 4,400 32,470 13.6% 18.6%
T 9 7/8 11/15/15 899 6,900 13.0% 31.0%
T 4 1/2 11/15/15 0 23,221 0.0% 10.0%
T 9 1/4 02/15/16 759 7,267 10.4% 31.4%
T 4 1/2 02/15/16 961 21,842 4.4% 8.4%
T 2 5/8 02/29/16 4,383 23,179 18.9% 23.9%
T 2 3/8 03/31/16 3,527 25,138 14.0% 14.0%
T 2 5/8 04/30/16 8,110 26,901 30.1% 30.1%
T 7 1/4 05/15/16 1,931 18,824 10.3% 22.3%
T 5 1/8 05/15/16 4,584 23,294 19.7% 27.7%
T 3 1/4 05/31/16 8,515 26,896 31.7% 31.7%
T 3 1/4 06/30/16 6,848 27,784 24.6% 24.6%
T 3 1/4 07/31/16 4,753 28,701 16.6% 16.6%
T 4 7/8 08/15/16 5,244 22,557 23.2% 28.2%
T 3 08/31/16 645 28,843 2.2% 2.2%
T 3 09/30/16 0 29,514 0.0% 0.0%
T 7 1/2 11/15/16 3,648 18,864 19.3% 35.3%
T 4 5/8 11/15/16 1,875 23,294 8.0% 16.0%
Fed's Treasury Purchases, as of October 13, 2009
4
Fed Purchases by Security
Updated Fed
Total Amount Purchases as holdings as % of
Securities Purchased ($mn) Outstanding ($mn) % of Float Float
T 4 5/8 02/15/17 3,191 22,193 14.4% 19.4%
T 8 3/4 05/15/17 3,015 18,194 16.6% 32.6%
T 4 1/2 05/15/17 4,246 25,587 16.6% 32.6%
T 8 7/8 08/15/17 1,415 14,017 10.1% 32.1%
T 4 3/4 08/15/17 2,800 28,000 10.0% 35.0%
T 4 1/4 11/15/17 158 27,674 0.6% 24.6%
T 3 1/2 02/15/18 0 39,205 0.0% 16.0%
T 9 1/8 05/15/18 1,101 8,709 12.6% 31.6%
T 3 7/8 05/15/18 0 34,078 0.0% 24.0%
T 4 08/15/18 0 36,803 0.0% 21.0%
T 9 11/15/18 1,457 9,033 16.1% 31.1%
T 3 3/4 11/15/18 0 57,351 0.0% 9.0%
T 8 7/8 02/15/19 1,996 19,251 10.4% 30.4%
T 2 3/4 02/15/19 1,000 58,677 1.7% 6.7%
T 3 1/8 05/15/19 0 64,411 0.0% 0.0%
T 8 1/8 08/15/19 3,788 20,214 18.7% 33.7%
T 8 1/2 02/15/20 1,828 10,229 17.9% 33.9%
T 8 3/4 05/15/20 1,151 10,159 11.3% 31.3%
T 8 3/4 08/15/20 3,331 21,419 15.6% 30.6%
T 7 7/8 02/15/21 402 11,113 3.6% 18.6%
T 8 1/8 05/15/21 1,902 11,959 15.9% 31.9%
T 8 1/8 08/15/21 868 12,163 7.1% 29.1%
T 8 11/15/21 3,675 32,798 11.2% 26.2%
T 7 1/4 08/15/22 533 10,353 5.1% 20.1%
T 7 5/8 11/15/22 996 10,700 9.3% 31.3%
T 7 1/8 02/15/23 2,807 18,374 15.3% 32.3%
T 6 1/4 08/15/23 1,909 22,909 8.3% 21.3%
T 7 1/2 11/15/24 365 11470 3.2% 20.2%
T 7 5/8 02/15/25 334 11,725 2.8% 20.8%
T 6 7/8 08/15/25 0 12602 0.0% 18.0%
T 6 02/15/26 292 12905 2.3% 15.3%
T 6 3/4 08/15/26 1219 10894 11% 32.2%
T 6 1/2 11/15/26 2,076 11,493 18.1% 34.1%
T 6 5/8 02/15/27 1,808 10,456 17.3% 33.3%
T 6 3/8 08/15/27 1,450 10,736 13.5% 31.5%
T 6 1/8 11/15/27 2,391 22,519 10.6% 25.6%
T 5 1/2 08/15/28 544 11,776 4.6% 20.6%
T 5 1/4 11/15/28 77 10,947 0.7% 15.7%
Fed's Treasury Purchases, as of October 13, 2009
5
Fed Purchases by Security
Updated Fed
Total Amount Purchases as holdings as % of
Securities Purchased ($mn) Outstanding ($mn) % of Float Float
T 5 1/4 02/15/29 490 11,350 4.3% 19.3%
T 6 1/8 08/15/29 557 11,179 5.0% 24.0%
T 6 1/4 05/15/30 604 17,043 3.5% 16.5%
T 5 3/8 02/15/31 973 16,428 5.9% 14.9%
T 4 1/2 02/15/36 206 26,397 0.8% 9.8%
T 4 3/4 02/15/37 301 16,589 1.8% 17.8%
T 5 05/15/37 70 21,413 0.3% 35.3%
T 4 3/8 02/15/38 265 22,525 1.2% 34.2%
T 4 1/2 05/15/38 227 25,500 0.9% 22.9%
T 3 1/2 02/15/39 891 25,909 3.4% 8.4%
T 4 1/4 05/15/39 2,573 38,779 6.6% 6.6%
T 4 1/2 08/15/39 539 41,342 1.3% 1.3%
TIPS
TII 4 1/4 01/15/10 0 11,321 0.0% 11.1%
TII 0 7/8 04/15/10 2,209 28,001 7.9% 12.4%
TII 3 1/2 01/15/11 568 11,001 5.2% 10.1%
TII 2 3/8 04/15/11 42 20,178 0.2% 14.5%
TII 3 3/8 01/15/12 0 6,004 0.0% 1.5%
TII 2 04/15/12 10 17,281 0.1% 19.1%
TII 3 07/15/12 0 23,018 0.0% 10.4%
TII 0 5/8 04/15/13 0 14,994 0.0% 6.7%
TII 1 7/8 07/15/13 0 20,008 0.0% 1.5%
TII 2 01/15/14 67 21,002 0.3% 3.5%
TII 1 1/4 04/15/14 0 8,275 0.0% 0.0%
TII 2 07/15/14 50 19,002 0.3% 0.3%
TII 1 5/8 01/15/15 135 19,001 0.7% 0.7%
TII 1 7/8 07/15/15 0 17,000 0.0% 1.2%
TII 2 01/15/16 110 17,001 0.6% 2.0%
TII 2 1/2 07/15/16 0 20,000 0.0% 15.3%
TII 2 3/8 01/15/17 25 17,249 0.1% 13.2%
TII 2 5/8 07/15/17 250 13,998 1.8% 1.8%
TII 1 5/8 01/15/18 0 16,417 0.0% 14.7%
TII 1 3/8 07/15/18 0 14,970 0.0% 6.4%
TII 2 1/8 01/15/19 0 14,740 0.0% 7.5%
TII 1 7/8 07/15/19 0 15,136 0.0% 0.0%
TII 2 3/8 01/15/25 604 28,001 2.2% 13.4%
TII 2 01/15/26 0 20,000 0.0% 15.0%
TII 2 3/8 01/15/27 0 16,482 0.0% 15.1%
Fed's Treasury Purchases, as of October 13, 2009
6
Fed Purchases by Security
Updated Fed
Total Amount Purchases as holdings as % of
Securities Purchased ($mn) Outstanding ($mn) % of Float Float
TII 1 3/4 01/15/28 0 15,634 0.0% 10.5%
TII 3 5/8 04/15/28 300 16,783 1.8% 16.9%
TII 2 1/2 01/15/29 0 14,151 0.0% 0.0%
TII 3 7/8 04/15/29 182 19,497 0.9% 15.6%
TII 3 3/8 04/15/32 0 5,012 0.0% 5.3%

Fed's Treasury Purchases, as of October 13, 2009

7
Analyst Certification(s)
We, Michael Pond, Anshul Pradhan and Chirag Mirani, hereby certify (1) that the views expressed in this research report accurately reflect our personal
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Fed's Treasury Purchases, as of October 13, 2009

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