NEW YORK |
NEW YORK (Reuters) – The U.S. Federal Reserve’s balance sheet shrank in the latest week with reduced holdings of mortgage-backed securities, Fed data released on Thursday showed.
The Fed’s balance sheet, a broad gauge of its lending to the financial system, stood at $ 3.185 trillion on March 27, compared with a record-large $ 3.189 trillion on March 20.
The Fed’s ownership of mortgage bonds guaranteed by Fannie Mae (FNMA.OB), Freddie Mac (FMCC.OB) and the Government National Mortgage Association (Ginnie Mae) totaled $ 1.071 trillion on Wednesday, compared with $ 1.086 trillion the previous week.
The Fed’s holdings of Treasuries totaled $ 1.794 trillion as of Wednesday versus $ 1.785 trillion the previous week.
The Fed’s holdings of debt issued by Fannie Mae, Freddie Mac and the Federal Home Loan Bank system was $ 72.42 billion, which was unchanged from the previous week. The Fed’s overnight direct loans to credit-worthy banks via its discount window averaged $ 8 million a day from an average of $ 6 million per day the prior week.
Federal Reserve"s balance sheet shrinks in latest week
No comments:
Post a Comment