NEW YORK (Reuters) - The U.S. Federal Reserve’s balance sheet hit a new record in the latest week on increased holdings of U.S. government 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 $3.276 trillion on April 24, up from $3.252 trillion on April 17.
The Fed’s holdings of Treasuries totaled $1.836 trillion as of Wednesday, April 24, versus $1.825 trillion the previous week.
The Fed’s overnight direct loans to credit-worthy banks via its discount window averaged $17 million a day during the week versus $2 million a day previously.
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) rose to $1.136 trillion from $1.126 trillion the previous week.
The Fed’s holdings of debt issued by Fannie Mae, Freddie Mac and the Federal Home Loan Bank system totaled $72.05 billion, versus $72.05 billion the prior week.
(Corrects figure in 5th paragraph to $1.136 trillion from $1.136 billion.)
Reporting by Ellen Freilich; Editing by Chizu Nomiyama