In 2008-2010, in what became known as QE1, the Fed bought $300 billion in Treasurys, $1.25 billion in residential mortgage- related securities and $100 billion in Fannie Mae and Freddie Mac securities. In QE2, which was implemented in late 2010 and ran through to mid-2011 there was the purchase of a net additional $600 billion in Treasuries.
Like QE1, QE2 did put money in the hands of investors in return for Treasuries, but in operation "twist and shout", that is, QE3 there will be only a swap of short term dated securities for long term ones. Money will only change hands, from short term buyers to long term buyers of treasuries.
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