Federal Reserve Balance Sheet Update: Week Of December 16 - Record Highs
Total Federal Reserve balance sheet assets for the week of December 16 balooned back to a record high of $2,189 billion ($20
billion higher compared to the prior week's $2,169 billion). Fed assets consisted of:
- Securities held outright: $1,807 billion (an increase of $33 billion MoM, resulting $28 billion increase in MBS and $5 billion in Agency Debt), or a $21 billion increase sequentially.
- Net borrowings: $171 billion, a decline of $35 billion from the past fortnight.
liquidity swaps, Maiden Lane and other assets: $210
inline with the prior week, based on a $600 million reduction in CPFF and a $2
billion reduction in FX liquidity swaps,
bringing these to another fresh 52 week low of $14 billion. A notable addition here is the brand new colimn of AIA Aurora and ALICO Holdings, the Fed's brand new AIG assistance program, which has maxed out at $25 billion.
Foreign holdings were at $2,948 billion, a $5 billion increase over the prior week.
Currency in circulation was $924 billion, with a total of $2,036 billion in the monetary base and $1,111 billion in excess reserves with F.R. banks (a number that refuses to go down). Indicatively there was $1,031 billion in MBS and Agencies on the Fed's balance sheet, implying the currency/MBS holdings coverage sunk to a new record low of 89.7%