Keeping you up to date on the latest data releases.
- The Federal Reserve Balance Sheet
There were a few minor moves over the previous two weeks that continued recent trends. Maiden Lane I and Maiden Lane III each made a payment on their outstanding loan from the New York Fed. Currently, the balance on the loan to Maiden Lane I is just over $24 billion and the balance for Maiden Lane III is down to $12.4 billion. The Supplemental Financing Account fell another $50 billion, leaving the account near $125 billion. The Treasury General Account has fallen from its year-end peak, down about $41 billion in the past two weeks. Also, a total of $5.07 billion of Term Deposits are on the balance sheet this week after the auction on February 3. Overall, there has been a downward trend in the factors that absorb reserves. Asset purchases have also continued, adding an additional $48 billion to the balance sheet over recent weeks. Excess reserves have grown as a result of the decline in factors that absorb reserves and the increase in purchases, leaving the balance of excess reserves at nearly $1.2 trillion.