Keeping you up to date on the latest data releases.
- The Federal Reserve Balance Sheet
The outstanding balance on the revolving credit facility that was extended to AIG fell to a six-month low this week. After peaking above $27 billion in early May, the balance dropped to below $24 billion for the first time since late in January. Revaluations also came in for all three Maiden Lane portfolios. Net holdings for each of the three portfolios rose during the second quarter, with all of the increases above $500 million each. Maiden Lane I saw the largest adjustment, netting a rise of nearly $900 million. Slightly more mild bumps of about $600 million were added to Maiden Lane II and III. More generally, overall lending from the Federal Reserve has been falling steadily since the start of 2010, while asset holdings have risen at a gradual pace. Currently, there is little to report on about the liabilities of the Fed.