NEW YORK |
NEW YORK (Reuters) – The U.S. Federal Reserve’s balance sheet hit a new record in the latest week on increased holdings of U.S. government debt and 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 $ 3.276 trillion on April 24, up from $ 3.252 trillion on April 17.
The Fed’s holdings of Treasuries totaled $ 1.836 trillion as of Wednesday, April 24, versus $ 1.825 trillion the previous week.
The Fed’s overnight direct loans to credit-worthy banks via its discount window averaged $ 17 million a day during the week versus $ 2 million a day previously.
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) rose to $ 1.136 trillion from $ 1.126 trillion the previous week.
The Fed’s holdings of debt issued by Fannie Mae, Freddie Mac and the Federal Home Loan Bank system totaled $ 72.05 billion, versus $ 72.05 billion the prior week.
Fed balance sheet grows to record again in latest week
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