Keeping you up to date on the latest data releases.
- Federal Reserve Balance Sheet
On March 23, the New York Fed announced that it will be conducting more small-scale reverse repurchase agreement operations using all eligible collateral types. The first set of operations will be conducted with only the expanded list of mutual fund counterparties announced in January, and the second set will be open to all eligible counterparties. The operations were again cited as a matter of prudent advance planning by the Fed. Also, the balance of the Term Asset-Backed Securities Loan Facility has fallen below $20 billion for the first time since June 2009. Excess reserves have now topped $1.37 trillion after another $30 billion of Treasury securities were purchased. The Treasury General Account shot up as the end of the first quarter nears, jumping from $42 billion to $87 billion. A portion of the outstanding balances for Maiden Lane I and Maiden Lane III were repaid as well.