Fed Reserves
Written by A Forex View From Afar on Wednesday, April 09, 2008Back to www.thelfb.com
Wall Street Journal provides a chart showing how the Fed Reserves had evolved over the last quarters, more exactly since the sub-prime had begun.
1. Lent banks $10.3 billion through the discount window.
2. Lent banks $100 billion in term auction credit.
3. Lent securities dealers $76 billion through standard repurchase agreements.
4. Lent securities dealers $34.4 billion through the discount window.
5. Lent securities dealers $75 billion of its Treasuries in return for other collateral through its new Term Securities Lending Facility.
6. Lent up to $36 billion to the European and Swiss central banks.
We're getting close to the bottom of the sack, aren't we?
I really recommend to study the source for this article, it's a really good read and plus it offers some nice solutions too
Source:
WSJ: What Could the Fed Do?
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