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Fed balance sheet grows in latest week
July 5, 2013 / 8:32 PM / 4 years ago

Fed balance sheet grows in latest week

NEW YORK (Reuters) - The Federal Reserve’s balance sheet grew in the latest week with additional holdings of Treasury debt, Fed data released on Friday showed.

The Fed’s balance sheet liabilities, which are a broad gauge of its lending to the financial system, stood at $3.450 trillion on July 3, compared with $3.436 trillion on June 26.

The Fed’s holdings of Treasuries rose to $1.943 trillion as of Wednesday, from $1.928 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) were $1.208 trillion, little changed from the previous week.

The Fed’s holdings of debt issued by Fannie Mae, Freddie Mac and the Federal Home Loan Bank system totaled $69.180 billion compared with $70.658 billion the previous week.

The Fed’s overnight direct loans to credit-worthy banks via its discount window averaged $36 million a day during the week versus $24 million a day the previous week.

The release of the weekly data was delayed by a day due to the U.S. Independence Day holiday on Thursday.

Reporting by Chris Reese; Editing by Chizu Nomiyama

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