https://www.federalreserve.gov/releases/h41/current/
Important new note (seems to be like a common thing these days: The Federal Reserve adding items to it's balance sheet):
The Board's H.4.1 statistical release, "Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks," has been modified to include information on the Term Asset-Backed Securities Loan Facility (TALF) and a new table 4 that provides supplemental information on all credit facilities.
Table 4, "Information on Principal Accounts of Credit Facilities LLCs," was added to provide information about outstanding principal amount of loans extended to LLCs by Reserve Banks. The table also provides information on the net portfolio holdings of credit facilities LLCs including outstanding amounts of facility asset purchases, Treasury contributions, and other assets.
The TALF operates through the Term Asset-Backed Securities Loan Facility II LLC (TALF II LLC), a special purpose vehicle that was formed to help support the flow of credit to consumers and businesses. On March 23, 2020, the Federal Reserve announced the TALF. On June 16, 2020, the Federal Reserve Bank of New York (FRBNY) received Treasury's equity contribution for the TALF program.
Scroll down to 5. Consolidated Statement of Condition of All Federal Reserve Banks
The takeaways are the following:
The fed bought $18.9B in US treasury securities over the last week. The total amount of treasuries in the balance sheet stands at $6.0T
No change in the amount of commercial paper. The total amount of commercial paper in the balance sheet stands at $12.7B
The fed bought $1.5B in US corporate bonds ETFs over the last week. The total amount of corporate bond ETFs in the balance sheet stands at $38.9B
No change in the municipal credit facility. The total amount of the facility stands at $16.07B
No change in the Main Street lending credit facility. The total amount of the facility stands at $31.8B
Submitted June 18, 2020 at 07:19PM by Annapurna__ https://ift.tt/2Na3HlF
