Keeping you up to date on the latest data releases.
- Federal Reserve Balance Sheet
Quarter-end revisions were made to some assets held by the Fed this week. All of the Maiden Lane portfolios were revalued according to market conditions (measuring how much the portfolios could receive if they were sold today), and each gained in their net portfolio holdings. Maiden Lane I, made up of Bear Stearns assets, climbed $700 million to $28.2 billion. Residential mortgage-backed securities from AIG in Maiden Lane II grew from $15.2 billion to $16.1 billion through the first quarter of 2010. Also from AIG, the collateralized debt obligations held in Maiden Lane III were revalued with an extra $1.5 billion. Restructuring for the credit extended to AIG was factored into the outstanding balance reported on the balance sheet this week, adding almost $1 billion to AIG’s tab. A revaluation of the loans made through TALF took place as well, knocking $1.4 billion off of the outstanding balance. On the liabilities side, the Treasury’s General Account increased by nearly $12 billion, most likely due to the continuation of inflows from tax returns.