Federal Reserve

Note: this analysis does not include $153 billion in various (presumably non counterfeit) bearer bonds that the Federal reserve will now never be able to monetize.

Total Federal Reserve balance sheet assets for the week of June 3 of $2,067 billion consisting of:

Note: this analysis does not include $153 billion in various (presumably non counterfeit) bearer bonds that the Federal reserve will now never be able to monetize.

Total Federal Reserve balance sheet assets for the week of June 3 of $2,067 billion consisting of:

Note: this analysis does not include $153 billion in various (presumably non counterfeit) bearer bonds that the Federal reserve will now never be able to monetize.

Total Federal Reserve balance sheet assets for the week of June 3 of $2,067 billion consisting of:

Developing Story from Bloomberg.

Please, please, please let Maxine Waters do the interrogation.

More from the WSJ:

Total Federal Reserve balance sheet assets for the week of June 3 of $2,065 billion consisting of:

Total Federal Reserve balance sheet assets for the week of June 3 of $2,065 billion consisting of:

Total Federal Reserve balance sheet assets for the week of June 3 of $2,065 billion consisting of:

By initiating another weekly update column, Zero Hedge will start tracking the massively growing balance sheet of the Federal Reserve, aka the real financial black hole. At this point, when the Federal Reserve (beholden to nobody except Ben Bernanke) has taken effective control over treasury and agency purchases, as well as the financial, insurance, commercial real estate and automotive industries, this is in essence the only relevant balance sheet in the entire United States, and possibly the entire formerly capitalist world.

By initiating another weekly update column, Zero Hedge will start tracking the massively growing balance sheet of the Federal Reserve, aka the real financial black hole. At this point, when the Federal Reserve (beholden to nobody except Ben Bernanke) has taken effective control over treasury and agency purchases, as well as the financial, insurance, commercial real estate and automotive industries, this is in essence the only relevant balance sheet in the entire United States, and possibly the entire formerly capitalist world.

By initiating another weekly update column, Zero Hedge will start tracking the massively growing balance sheet of the Federal Reserve, aka the real financial black hole. At this point, when the Federal Reserve (beholden to nobody except Ben Bernanke) has taken effective control over treasury and agency purchases, as well as the financial, insurance, commercial real estate and automotive industries, this is in essence the only relevant balance sheet in the entire United States, and possibly the entire formerly capitalist world.

As recently many questions have arisen as to the involvement of the Federal Reserve in bond (and other) markets, I present the data provided by the Federal Reserve of New York regarding the Fed's Open Market Operations. The charts below summarize the individual (single-serving if you will) and cumulative purchases across both Treasuries and Agencies. In a nutshell, for 2009, the Fed has purchased $131 billion Treasuries and $63.8 billion Agencies.

As recently many questions have arisen as to the involvement of the Federal Reserve in bond (and other) markets, I present the data provided by the Federal Reserve of New York regarding the Fed's Open Market Operations. The charts below summarize the individual (single-serving if you will) and cumulative purchases across both Treasuries and Agencies. In a nutshell, for 2009, the Fed has purchased $131 billion Treasuries and $63.8 billion Agencies.

As recently many questions have arisen as to the involvement of the Federal Reserve in bond (and other) markets, I present the data provided by the Federal Reserve of New York regarding the Fed's Open Market Operations. The charts below summarize the individual (single-serving if you will) and cumulative purchases across both Treasuries and Agencies. In a nutshell, for 2009, the Fed has purchased $131 billion Treasuries and $63.8 billion Agencies.

Always good to keep things in perspective. The most recent Fed Balance Sheet reading of $2.16 trillion is a doozy and is only getting higher, and a couple hundred bucks away from the highest ever recorded of $2.17 trillion a month ago. This is just the beginning: Bernanke at Co. have committed to monetizing $1.75 trillion of securities this year, of which $1.21 trillion remain to be purchased still. This means that the chart will likely pass the $3 trillion mark at some point over the next 3-6 months.

And so it begins. Rep. Alan Grayson has distributed the letter below to all Democrats in the House and will use it to generate Democratic co-sponsorship for the HR1207 Bill, aka The Federal Reserve Transparency Act, allowing the GAO to audit the Federal Reserve, and also require a Fed report to Congress by the end of 2010.