The Federal Reserve’s balance sheet fell below $8.6 trillion for the first time since the beginning of the banking turmoil caused by the failures of Silicon Valley Bank and Signature Bank.
The balance sheet came in at $8.593 trillion for the week of April 19, down from $8.614 trillion in the previous week.
Here is a look of the balance sheet over the past year:
In addition, the most notable part of the latest data updates, courtesy of the central bank’s H.4.1 report, is that the emergency Bank Term Funding Program (BTFP) rose by about $3 billion in the past week to nearly $74 billion.
Plus, Treasury security holding dropped by just $2 billion.
Here is a snapshot of the books:
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