Fed balance sheet shrinks in the latest week
NEW YORK (Reuters) - The Federal Reserve's balance sheet shrank in the latest week with reduced holdings of federal agency 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 $3.072 trillion on February 27, compared with a record large $3.077 trillion on February 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 $1.016 trillion compared with $1.033 trillion the previous week.
The Fed's holdings of debt issued by Fannie Mae, Freddie Mac and the Federal Home Loan Bank system was $73.59 billion, down from $74.61 billion the previous week.
The Fed's holdings of Treasuries totaled $1.750 trillion as of Wednesday versus $1.736 trillion the previous week.
The Fed's overnight direct loans to credit-worthy banks via its discount window averaged $3 million a day compared with an average of $8 million per day the prior week.
(Reporting by Chris Reese; Editing by Chizu Nomiyama)
- WTO overcomes last minute hitch to reach its first global trade deal
- Colorado baker discriminated by denying gay couple wedding cake: judge
- Flights delayed as air pollution hits record in Shanghai
- Amish girl in Ohio will not be forced to resume chemo for cancer
- South Africa mourns Mandela, will bury him on December 15 |