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Home » Store » Taxable » Banks Beefed Up Agency MBS, CMO Holdings in 3rd Quarter, Data Reveal

Banks Beefed Up Agency MBS, CMO Holdings in 3rd Quarter, Data Reveal

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Looking to make up for heavy runoff in their whole mortgage portfolios, commercial banks beefed up their investments in agency-backed mortgage securities during the third quarter, just-released government numbers reveal. Banks added some $41.93 billion in MBSs and CMOs to their holdings in the most recent quarter – an 8.1 percent gain over the second quarter and a 24.8 percent over the same
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