Keeping you up to date on the latest data releases.
- Federal Reserve Balance Sheet
The balance sheet increased nearly $5 billion over the course of January, which can roughly be attributed to an increase in the amount of central bank dollar liquidity swaps drawn. The outstanding draws increased from $99.8 billion to $104.5 billion in January, with nearly $77 billion of that amount taken in 3-month swaps by the European Central Bank. Following a request for assets from the Maiden Lane II portfolio, the New York Fed auctioned over $7 billion worth of securities in early January, with the winning bid going to Credit Suisse Securities. The tentative schedule of outright Treasury operations for the month of February was released at the end of the month, with an announced schedule of $45 billion of purchases and $43 billion of sales. Finally, it was announced that the Fed earned $83.6 billion in 2011 in interest income on securities acquired through open market operations (U.S. Treasury securities, agency mortgage-backed securities and agency debt). Another $2.3 billion was earned as realized gains on the sale of U.S. Treasury securities.