FRB: Press Release--FOMC statement--April 29, 2009

does the following excerpt equals to canceling debt ?? while enabling more new debt to be created ? : // Release Date: April 29, 2009 "the Federal Reserve will purchase a total of up to $1.25 trillion of agency mortgage-backed securities and up to $200 billion of agency debt by the end of the year. In addition, the Federal Reserve will buy up to $300 billion of Treasury securities by autumn."