Keeping you up to date on the latest data releases.
- Federal Reserve Balance Sheet
At the June Federal Open Market Committee meeting, the committee decided to continue the Maturity Extension Program through the end of 2012. It is estimated that the total additional sales and purchases related to the program will be $267 billion. A tentative schedule for Treasury operations for July was released at the end of June, with purchases expected to outpace sales by $6 billion. Also during the month of June, the Maiden Lane I and Maiden Lane III vehicles completely repaid their outstanding loan balances. All three Maiden Lane vehicles have now repaid their loans, and the combined remaining portfolio value for the three facilities is over $15 billion. Throughout the month, the outstanding amount of dollar liquidity swaps increased from $22.3 billion to $28.0 billion. Finally, the rules for the Term Asset-Backed Securities Loan Facility (TALF) were revised in June so that the amount of credit protection provided by the Treasury is now $1.4 billion. The outstanding amount in the TALF now stands at $4.5 billion.