July 14, 2011 / 8:31 PM / 8 years ago

UPDATE 1-U.S. Fed balance sheet expands to record size

 (Adds details from latest data)
 NEW YORK, July 14 (Reuters) - The U.S. Federal Reserve's
balance sheet grew to a record size in the week ended July 13
as the central bank bought more bonds in an attempt to support
a fragile recovery, Fed data released on Thursday showed.
 The central bank has to buy Treasuries under a program
using the proceeds from maturing agency bonds and
mortgage-backed securities.
 Its $600 billion scheme, known as QE2, ended on June 30.
 The Fed's balance sheet -- a broad gauge of its lending to
the financial system -- rose to $2.862 trillion in the week
ended July 13 from $2.853 trillion in the week ended July 6.
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For balance sheet graphic: link.reuters.com/buf92k
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 Meanwhile, 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
$908.85 billion, unchanged from the previous week.
 The Fed's holdings of debt issued by Fannie Mae, Freddie
Mac and the Federal Home Loan Bank system totaled $115.1
billion, also unchanged from a week earlier.
 Meanwhile, the Fed's overnight direct loans to
credit-worthy banks via its discount window averaged $8 million
a day in the week ended Wednesday, compared with an average
daily rate of $12 million last week.
 (Reporting by Richard Leong; Editing by James Dalgleish)


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