Keeping you up to date on the latest data releases.
- The Federal Reserve Balance Sheet
Borrowing at the discount window has now jumped up to $218 million. While still an insignificant amount, this is the most discount window lending seen since June. Unofficial counts for the two Treasury purchasing programs, the reinvestment program for maturing agency debt and agency mortgage-backed securities and the second round of large-scale purchases, are climbing after November’s Federal Open Market Committee meeting. Current estimates have the total amount of reinvestment since August at around $135 billion and the total amount of large-scale purchases at around $44 billion. There was also another $5 billion Term Deposit auction that settled after the data were released. The bid-to-cover ratio was nearly 3 and the stop-out rate was 26 basis points. In accordance with the Dodd-Frank Act, data for several emergency lending and purchasing programs were released on December 1. The data cover transactions from December 1, 2007, to July 21, 2010.