U.S. Fed balance sheet grows 8 straight weeks

NEW YORK, July 25 Thu Jul 25, 2013 4:29pm EDT

NEW YORK, July 25 (Reuters) - The U.S. Federal Reserve's balance sheet grew for the eighth week in the latest week as the U.S. central bank increased its holdings of Treasuries and mortgage-backed securities, Fed data released on Thursday showed.

The Fed's balance sheet liabilities, which are a broad gauge of its lending to the financial system, stood at $3.532 trillion on July 24, compared with $3.495 trillion on July 17.

The Fed's holdings of Treasuries rose to $1.970 trillion as of Wednesday, from $1.962 trillion the previous week.

The Fed's ownership of mortgage bonds guaranteed by Fannie Mae, Freddie Mac and the Government National Mortgage Association (Ginnie Mae) increased to $1.261 trillion from $1.235 trillion from the previous week.

The Fed's holdings of debt issued by Fannie Mae, Freddie Mac and the Federal Home Loan Bank system totaled $66.52 billion, unchanged from $66.52 billion from the previous week.

The Fed's overnight direct loans to credit-worthy banks via its discount window averaged $10 million a day during the week, compared with $13 million a day the previous week.

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Comments (1)
pekpek69 wrote:
And I thought that our government doesn’t want to be expose to more risk…But at the same time they are stealing shareholders money..

Citi also settled with Treasury in the amount of $968 Million based on their quarterly report….

GE also settled and based on their annual report there were two lawsuit that has value in the $900 Million….

All of these will go to the Treasury and the shareholders will not get a penny…this is totally abuse of power….

Dictatorship style…..

The U.S government has the nerve for dictate to other people and countries while ignoring their own wrongdoing and abuse of power…

Please pass it around….because Treasury don’t want this figure to be public…..

Thief in the House Watch out….

Jul 26, 2013 1:38pm EDT  --  Report as abuse
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