Friday, August 21, 2009

Fed Balance Sheet, Reserves, and Money Supply (08-20-09)

  • Securities held outright increase $75.5 Bil, mostly from an increase in MBS of $66.6 Bil
  • Fed liquidity programs continue to contract: TAC by $12.5 Bil, CP funding by $4.3 Bil, CB swaps by $6.07 Bil
  • Deposits held at the fed increased $45.2 Bil; $41.8 Bil from Depository Institutions
  • FRB Capital + $701 Mil
  • Secondary Credit sits at an elevated $620 Mil while primary credit dropped substantially back to $29.9 Bil
  • My preferred measure of "money" supply (Currency[including traveler's checks], Checking/Demand accounts, and Savings accounts) = $6.2 Trillion for the wk ending Aug 10 up $30 Bil from the previous week or ~ 26% annualized