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Economy
In reply to the discussion: STOCK MARKET WATCH -- Monday, 26 November 2012 [View all]xchrom
(108,903 posts)21. Fed balance sheet contracts in latest week
http://www.reuters.com/article/2012/11/23/us-usa-fed-discount-idUSBRE8AM0WW20121123
(Reuters) - The Federal Reserve's balance sheet shrank in the latest week with a lower holdings of federal government and agency securities, Fed data released on Friday showed.
The Fed's balance sheet - a broad gauge of its lending to the financial system - stood at $2.853 trillion on November 21, down from $2.859 trillion on November 14.
The Fed's holdings of Treasuries totaled $1.650 trillion as of Wednesday from $1.657 trillion the previous week after it sold more debt than it purchased for its Operation Twist this week.
Operation Twist involved the Fed selling its short-dated Treasuries holdings and buying longer-dated ones on the open market in an effort to lower long-term borrowing costs. This program was expected to expire at the end of the year.
(Reuters) - The Federal Reserve's balance sheet shrank in the latest week with a lower holdings of federal government and agency securities, Fed data released on Friday showed.
The Fed's balance sheet - a broad gauge of its lending to the financial system - stood at $2.853 trillion on November 21, down from $2.859 trillion on November 14.
The Fed's holdings of Treasuries totaled $1.650 trillion as of Wednesday from $1.657 trillion the previous week after it sold more debt than it purchased for its Operation Twist this week.
Operation Twist involved the Fed selling its short-dated Treasuries holdings and buying longer-dated ones on the open market in an effort to lower long-term borrowing costs. This program was expected to expire at the end of the year.
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