Monetization
Monetization
A Stern Opponent Of Funding The FDIC's Depleted Deposit Insurance Fund, And Monetization Is... Alan Greenspan?
Submitted by Tyler Durden on 10/17/2009 22:12 -0500"Not only would use of the Reserve Banks for funding the BIF serve no apparent economic purpose, it could create potential problems of precedent and perception for the Federal Reserve. In particular, the proposal involves the Federal Reserve directly funding the government. The Congress has always severely limited and, more recently, has forbidden the direct placement ol Treasury debt with the Federal Reserve, apparently out of concern that such a practice could compromise the independent conduct of monetary policy and would allow the Treasury to escape the discipline of selling its debt directly to the market. Implementation of the proposal could create perceptions, both in the United States and abroad, that the nature or function of our central bank had been altered." - Alan Greenspan, 1991
This Is Not The Full Listing Of The Fed's Treasury Monetization Actions You Are Looking For
Submitted by Tyler Durden on 10/13/2009 14:09 -0500Due to popular demand by current and former Federal Reserve employees who lost track of their actions after the $100 billionth CUSIP, below we present a full detail of all the $297 billion in monetiz... pardon, perfectly normal Quantitative Easing actions performed so far by the Federal Reserve.
Fed's Prompt Agency Monetization Makes Headline News
Submitted by Tyler Durden on 10/09/2009 13:56 -0500The story first presented on Zero Hedge yesterday as "The Fed's 30's Minute Agency Monetization Window" is now mainstream, after making headline news on Bloomberg.
The Fed's 30 Minute Agency Monetization Window
Submitted by Tyler Durden on 10/08/2009 15:42 -0500Much has been said on Zero Hedge about the Fed's monetization of Treasuries, usually via the NY Fed's POMO activities, which on occasion buys back Treasuries as promptly as 5 days after any one given auction. Yet we were dumbfounded by this piece of information, presented to us by Jim Bianco, which demonstrates that the Fed's monetization of Agencies is far more blatant than anything even encountred in Treasuries.
Atlanta Fed On Federal Reserve Monetization Activities; $1.1 Trillion In USTs And Agency MBS Purchased To Date
Submitted by Tyler Durden on 09/19/2009 12:31 -0500The Fed now has $15 billion in purchasing power left under the Treasury component of QE. Of the $1,250 billion in MBS projected to be bought by the end of the year, the Fed was already purchased $840 billion, leaving $410 billion in budgeted purchases over the next three and a half months: about $125 billion per month.
Correlation Of S&P 500 Performance With Fed Monetization Activities Since Start Of QE
Submitted by Tyler Durden on 09/11/2009 00:59 -0500
QE = Reason For Equity Market Performance. QED
