NEW YORK, Nov 10 (Reuters) - The New York Federal Reserve said on Tuesday it bought $1.845 billion of U.S. agency debt with maturities ranging from February 2011 to October 2011.

Dealers submitted $5.272 billion of agency debt for consideration in the purchase.

Tuesday's operation brings the N.Y. Fed's cumulative purchase of agency debt to $151.52 billion since early December.

The N.Y. Fed, which conducts open market operations for the U.S. central bank, has said it would buy about $175 billion of agency securities issued by Fannie Mae (FNM.N: Quote, Profile, Research) (FNM.P: Quote, Profile, Research), Freddie Mac (FRE.N: Quote, Profile, Research) (FRE.P: Quote, Profile, Research) and the Federal Home Loan Bank system aiming to hold down mortgage rates and revive economic growth.

(For more, please see: here) (Reporting by Lynn Adler, Editing by Chizu Nomiyama)