U.S. Fed balance sheet expands for second week
NEW YORK (Reuters) - The U.S. Federal Reserve's balance sheet grew for a second straight week on a rise in its holdings of U.S. 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 $3.603 trillion on August 14, up from $3.542 trillion on August 7.
The Fed's holdings of Treasuries rose to $2.001 trillion as of Wednesday, up from $1.993 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) jumped to $1.3 trillion from $1.247 trillion a week ago.
The Fed's holdings of debt issued by Fannie Mae, Freddie Mac and the Federal Home Loan Bank system totaled $65.713 billion from $66.521 billion the previous week.
The Fed's overnight direct loans to credit-worthy banks via its discount window averaged $15 million a day during the week, compared with $7 million a day the previous week.
(Reporting by Richard Leong; Editing by Chris Reese)
- Housing, jobs data weaken, but overall economic picture still upbeat
- Target cyber breach hits 40 million payment cards at holiday peak |
- 'Duck Dynasty' anti-gay fallout sparks debate on religion, tolerance
- UPDATE 3-Saab wins Brazil jet deal after NSA spying sours Boeing bid
- Zuckerberg to sell Facebook shares worth about $2.3 billion |