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

Select_fed_assets


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



Source:
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
http://www.frbsf.org/news/speeches/2008/0513.html

Credit, Housing, Commodities and the Economy
Charts
http://www.frbsf.org/news/speeches/2008/charts.pdf

Wednesday, May 14, 2008 | 01:30 PM | Permalink | Comments (22) | TrackBack (0)
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Comments

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

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