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Federal Reserve Balance Sheet Update: Week Of September 23

Tyler Durden's picture




 

Total Federal Reserve balance sheet assets for the week of September 23 of $2,133 billion ($44.5
billion higher compared to the prior week's $2,088 bn), and this time just $41
billion shy of the all time high of $2,174 billion recorded on April
22, consisting of:

  • Securities held outright: $1,579 billion
    (an increase of $100 billion MoM, resulting from $22 billion in new
    Treasury purchases,
    $65 billion increase in MBS and $13 billion in Agency Debt), or $46.1 billion increase sequentially
  • Net borrowings: $307.3 billion
  • Float, liquidity swaps, Maiden Lane and other assets: $246.7
    billion,
    a $1.6 billion decrease based on a 2.0 billion reduction in CPFF and a $2.0 million reduction in liquidity swaps
    (and other net changes).

Foreign holdings increased by $11.6 billion to 2,854 billion. 

The ratio of Fed assets to the monetary base has not budged and in fact has slowly expanded over the past 3 weeks from 1.17x to 1.19x. The monetary base at Sept. 23 was $1,790 billion. The Fed continues to be unable to extract benefits monetary from its burgeoning balance sheet.

 

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Thu, 09/24/2009 - 22:56 | 79167 ghostfaceinvestah
ghostfaceinvestah's picture

Yeah, but the recession is over, so why is the Fed balance sheet still growing, and near its all time high?

Thu, 09/24/2009 - 23:40 | 79197 Jim_Rockford
Jim_Rockford's picture

Joe Biden answered your question 6 weeks ago, ingrate.

Fri, 09/25/2009 - 06:12 | 79316 Cognitive Dissonance
Cognitive Dissonance's picture

Al those pretty colors in the chart is precisely why the Fed doesn't want to be audited. God forbid if we found out exactly what they own, never mind how they operate.

The bill will never become law. This is a fight to the (Fed's) death. They will destroy themselves and everyone else before they will ever reveal the inner workings of the corrupt (political and economic) machine.

Too many people and entities are dirty to allow this bill to see the light of day. When everyone (and I mean everyone) has something to loose, you can be sure they won't do something that will expose themselves to the peoples' view.

Sadly, this bill will be stillborn.

Fri, 09/25/2009 - 06:12 | 79317 Cognitive Dissonance
Cognitive Dissonance's picture

Sorry, double post.

Thu, 09/24/2009 - 23:01 | 79169 Lothar the Rott...
Lothar the Rottweiler's picture

Why do those charts look like my pecker when I was in 8th grade in gym class - straight the eff up! For no good reason...

Thu, 09/24/2009 - 23:14 | 79173 SDRII
SDRII's picture

I think ben is the long lost son of the mammas and pappas stike that pappas and daughters - explains it

Thu, 09/24/2009 - 23:16 | 79175 RobotTrader
RobotTrader's picture

In order to stave off yet another equity and credit market crash, the balance sheet will have to be doubled in size yet again....

LOL...

Thu, 09/24/2009 - 23:16 | 79176 putbuyer
putbuyer's picture

Don't worry.

your toilet is the wrong one

you light bulbs are wrong

you eat to much

you drive too big a car

you have too big a carbon footprint

you have thought crime in your head

just listen to me....fool

i am Barack Hussein Obama

Fri, 09/25/2009 - 07:11 | 79327 Ned Zeppelin
Ned Zeppelin's picture

Those moron lessons are really starting to pay off, eh? 

Thu, 09/24/2009 - 23:20 | 79178 Anonymous
Anonymous's picture

Maybe the FED should "go public", before the auditors come knocking. The boys down at Goldman could underwrite the offering. Look at all those "assets"!

Fri, 09/25/2009 - 00:08 | 79220 ghostfaceinvestah
ghostfaceinvestah's picture

This is sweet, in case you missed it, Faber calls Bernanke a criminal (again).  About two minutes in.

 

http://www.youtube.com/watch?v=UfuiNjvH9_c&feature=player_embedded

 

 

Fri, 09/25/2009 - 13:38 | 79747 aswipe
aswipe's picture

A takedown of the entire capitalist system.....ouch.

Fri, 09/25/2009 - 01:35 | 79251 tewkatz
tewkatz's picture

Right...these are the guys loaning money to my bank to keep it afloat?  So if their balance sheet of 'assets' is growing, my bank's assets are shrinking or they wouldn't calling mamma???

Fri, 09/25/2009 - 08:52 | 79367 Anonymous
Anonymous's picture

So with the fed hearing today,are we to expect the HAL 9000 to be switched off and a swing in the market of 10% to the downside, just in case congress forgets who is the boss and pass the bill? or may be that model don't work no more?.In interogation,torture loses its value after the initial shock of pain,and the tortured becomes immune to pain. I think the big boys overdid the end of world scenario,but who knows?

Sat, 09/26/2009 - 07:26 | 80339 Anonymous
Anonymous's picture

is it just me or is maiden lane assets shrinking big time? are they selling that off in the market?

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