The FRB has published its weekly balance sheet data. We summarize some if it here. The figure below depicts all of the assets of the Fed from early 2007 until the present. Note that the jump up to $2.5 trillion was the Fed "printing" money and raising its assets by $1.5 trillion in just a few months. This is a classic example of central bank intermediation.
The following depicts the Feds liabilities since January 2009.
The Fed liquidity facilities are shown from January 2009 thru the present below.
There seems to be a stabilizing of the Feds balance sheet and this along with the other metrics we have been tracking such as unemployment changes, M2. and the "portfolio" lend one to believe that perhaps the worst is over. Yet we are still concerned about both commercial real estate and the massive amounts of high yield debt.
The following depicts the Feds liabilities since January 2009.
The Fed liquidity facilities are shown from January 2009 thru the present below.
There seems to be a stabilizing of the Feds balance sheet and this along with the other metrics we have been tracking such as unemployment changes, M2. and the "portfolio" lend one to believe that perhaps the worst is over. Yet we are still concerned about both commercial real estate and the massive amounts of high yield debt.
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