Fed balance sheet grows to record large size
NEW YORK (Reuters) - Federal Reserve's balance sheet grew to a record size in the latest week with more holdings of U.S. government debt, Fed data released on Thursday showed.
The Fed's balance sheet, a broad gauge of its lending to the financial system, stood at $3.147 trillion on March 13, compared with $3.091 trillion on March 6.
The Fed's holdings of Treasuries totaled $1.770 trillion as of Wednesday versus $1.762 trillion the previous week.
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 $1.061 trillion on Wednesday, compared with $1.016 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, unchanged on the week.
The Fed's overnight direct loans to credit-worthy banks via its discount window averaged $6 million a day compared with an average of $21 million per day the prior week. (Reporting by Ellen Freilich; Editing by Chizu Nomiyama)