Keeping you up to date on the latest data releases.
- Federal Reserve Balance Sheet
There are a few continuing trends from the past two weeks that have become clear in the data. First, the larger securities portfolio has increased the average securities lending activity throughout the first part of 2011, with a weekly average of $17.5 billion in lending activity. Second, the Term Asset-Backed Securities Loan Facility (TALF) portfolio has been shrinking continuously now for over a year, dropping from over $48 billion down to under $15 billion. The structure of the loans made through the TALF would suggest that there is a pretty hefty prepayment rate on these loans. Finally, the agency mortgage-backed securities acquired during the first round of asset purchases seem to be rolling off more slowly in the past couple of months than they were during last fall. Also, by our calculations, the total purchases of Treasury securities (Large-Scale Asset Purchase program 1, the reinvestment strategy, and Large-Scale Asset Purchase program 2) have now topped $1 trillion. The total amount of securities held is now over $2.5 trillion, making up the vast majority of the $2.8 trillion of total assets.