Thursday, April 9, 2020

Federal Reserve Balance Sheet exceeds $6 Trillion

As of 4/8/20, the Federal Reserve Balance Sheet has $6,083,141,000,000 in assets.  Source: https://fred.stlouisfed.org/series/WALCL

It first exceeded $5 trillion on 3/27/20.  It will likely be above $10 trillion by the end of the year.

How much of this is Treasury debt?   The total of Treasury securities owned by the Fed is 3,634,386 million as of 4/8/20. The Treasury has $827 billion in its bank account at the Federal Reserve, probably the highest it has ever been. And it will all be spent within a few weeks.

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