Keeping you up to date on the latest data releases.
- Federal Reserve Balance Sheet
During April, the values of the Maiden Lane I and Maiden Lane III portfolios were revalued. Following the revaluations, Maiden Lane I was up about $120 million and Maiden Lane III was up $2.3 billion. It was also revealed in April that the holdings of the MAX CDO in the Maiden Lane III portfolio were sold to Barclays and Deutsche Bank through a competitive bid process. Bids for the MAX CDO holdings were submitted by eight broker-dealers. Outstanding balances for the central bank dollar liquidity swap lines continued their decline, falling from about $46 billion to $27 billion. The Treasury General Account experienced a tax season spike, climbing from $55 billion to $120 billion, and foreign official and international account reverse repos jumped nearly $10 billion to $98 billion. Eight banks were added to the Fed’s reverse repo counterparty list during the week as well, including Credit Suisse, Deutsche Bank, Royal Bank of Canada and Societe Generale.