Fed balance sheet hits another record size (Reuters)
NEW YORK (Reuters) – The agent Reserve's equilibrise artefact swollen to a achievement size in the stylish week, as the bicentric bank bought more bonds in an effort to hold the economy, FRS data free on weekday showed.
The acquire was conception of its $600 1000000000 program, dubbed QE2, aimed at exciting assets and scheme activity.
The equilibrise artefact -- a broad gauge of FRS lending to the business system -- swollen to $2.759 1E+12 in the hebdomad ended May 25 from $2.742 1E+12 the preceding week.
The bicentric bank's holding of U.S. government securities grew to $1.519 1E+12 on weekday from terminal week's $1.495 1E+12 total.
The bicentric bank has signaled it module complete QE2 at the modify of June, but module continue to reinvest proceeds from the bonds as they mature.
The Fed's control of mortgage bonds secure by Fannie Mae, Freddie Mac and the Government National Mortgage Association (Ginnie Mae) fell to $917.86 billion, from $923.58 1000000000 the previous week.
The Fed's holdings of debt issued by Fannie Mae, Freddie Mac and the agent Home Loan Bank system declined to $119.09 1000000000 from $120.76 1000000000 a hebdomad earlier.
The Fed's overnight candid loans to credit-worthy banks via its reduction window averaged $11 meg a period in the hebdomad ended Wednesday, compared with an average regular rate of $3 meg terminal week.
(Reporting by Karenic Brettell; Editing by Chizu Nomiyama)
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