Keeping you up to date on the latest data releases.
- Federal Reserve Balance Sheet
The tentative Treasury operation schedule for mid-April to mid-May was released last week. The Desk plans to purchase $97 billion during the period, $80 billion of that counting towards the completion of the second round of large-scale asset purchases and the other $17 billion as reinvestment. Also, there were two more bid list offerings from the Maiden Lane II portfolio, but none in the past week. The two combined to a current face amount of $1.16 billion and were composed of 50 securities, 45 of which were sold. The net portfolio value for Maiden Lane II has declined by about $90 million over the past two weeks, while the outstanding loan balance has remained flat. Maiden Lane I made a rather sizeable repayment on its outstanding loan balance, dropping the balance from $23.5 billion to $22.1 billion. Also, the balance of reverse repos outstanding returned to 0 and the balance of Term Deposits outstanding rose to $5 billion. The Treasury General Account fell back to more normal levels after the end of the first quarter, but spiked this week, presumably as a result of tax day, up to $73.3 billion.