Around $300 billion increase in the Fed’s balance sheet in a week
The Fed released its balance sheet data for the week ending March 15.
During said period, banks borrowed a record $152.9 billion from the discount window which provided liquidity support. The highest amount ever recorded in this item was $111 billion in the 2008 financial crisis. The week before, banks had borrowed $4.6 billion in the same item from the Fed.
On the other hand, within the scope of the Bank Term Financing Program (BTFP), which was initiated by the Federal Reserve on March 13 to facilitate lending to eligible US depository institutions, $11,900 was borrowed million in 3 days
During the same period, loans to depository institutions established by the Federal Deposit Insurance Corporation (FDIC) amounted to $142.8 billion.
The Federal Reserve’s balance sheet, which was $8.39 trillion the previous week, rose by nearly $300 billion to $8.69 trillion on March 15, the highest level since November last year. (AA)
Source: Sozcu
Andrew Dwight is an author and economy journalist who writes for 24 News Globe. He has a deep understanding of financial markets and a passion for analyzing economic trends and news. With a talent for breaking down complex economic concepts into easily understandable terms, Andrew has become a respected voice in the field of economics journalism.
