Federal Reserve Balance Sheet Update: Week Of November 11
Total Federal Reserve balance sheet assets for the week of November 11 of $2,146 billion ($1
billion lower compared to the prior week's $2,147 billion). Fed assets consisted of:
- Securities held outright: $1,699 billion (an increase of $91 billion MoM, resulting from $6 billion in new
Treasury purchases, $72 billion increase in MBS and $13 billion in Agency Debt), or $2 billion increase sequentially
- Net borrowings: unchanged at $248 billion, as no update in the current week.
- Float, liquidity swaps, Maiden Lane and other assets: $198.6
a $3 billion decrease based on a $1 billion reduction in CPFF and a $3 billion reduction in FX liquidity swaps,
bringing these to another fresh 52 week low of $29 billion. Yet for all the short dollar posturing, one would expect all Fed liquidity swaps to have been retired by now. The fact that even with the dollar at fresh 15 month lows there are CBs that still need the Fed's assistance in providing synthetic (and temporary) swap replacements, raises quite a few questions.
Foreign holdings were flat at $2,917 billion.