The Fed's Balance Sheet

Wednesday, May 14, 2008 | 01:30 PM

Dr. Janet Yellen presented at the Certified Financial Analysts Institute Annual Conference yesterday. The slide show that accompanied here speech is today's chart porn.

New facilities change the composition of Fed’s balance sheet


Hat tip Calculated Risk

Dr. Yellen noted the many ways the Fed has worked to improve market liquidity:

-Enhanced discount window lending
Reduced rate spread and lengthened term of lending

-Established Term Auction Facility (TAF)
Term discount window loans at auction rate; $150 billion

-Initiated term repurchase (repo) transactions
Agency debt accepted as collateral for 28-day repos; $100 billion

-Established Term Securities Lending Facility (TSLF)
Lends Treasuries for highly rated ABS; up to $200 billion

-Provided financing for acquisition of Bear Stearns
Term financing to support purchase by JP Morgan; $29 billion

-Established Primary Dealer Credit Facility (PDCF)
Overnight borrowing from discount window by primary dealers

Speech to the Certified Financial Analysts Institute, Annual Conference
Vancouver, British Columbia
Janet L. Yellen, President and CEO, Federal Reserve Bank of
May 13, 2008, 10:00 AM Pacific time, 1:00 PM Eastern

Credit, Housing, Commodities and the Economy

Wednesday, May 14, 2008 | 01:30 PM | Permalink | Comments (22) | TrackBack (0) add to | digg digg this! | technorati add to technorati | email email this post



TrackBack URL for this entry:

Listed below are links to weblogs that reference The Fed's Balance Sheet:


Which firm was it that signed off on the FedRes' audit last year?

Posted by: Mark E Hoffer | May 14, 2008 1:43:16 PM

The comments to this entry are closed.

Recent Posts

December 2008
Sun Mon Tue Wed Thu Fri Sat
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31      


Complete Archives List



Category Cloud

On the Nightstand

On the Nightstand

 Subscribe in a reader

Get The Big Picture!
Enter your email address:

Read our privacy policy

Essays & Effluvia

The Apprenticed Investor

Apprenticed Investor

About Me

About Me
email me

Favorite Posts

Tools and Feeds

AddThis Social Bookmark Button

Add to Google Reader or Homepage

Subscribe to The Big Picture

Powered by FeedBurner

Add to Technorati Favorites


My Wishlist

Worth Perusing

Worth Perusing

mp3s Spinning

MP3s Spinning

My Photo



Odds & Ends

Site by Moxie Design Studios™