Friday, October 15, 2010

Federal Reserve Balance Shit!


This week we have official confirmation of our speculation from last week, that the Fed is now the second largest UST holder institution after China, with $821.2 billion in Treasurys. And courtesy of yesterday's POMO schedule announcement, according to which the Fed will purchase $32 billion in UST through November 8, at which point it was have $853 billion, we now know that Brian Sack will be the biggest holder of US Treasurys in the world (surpassing China's $847 billion). Aside from this there was little notable in the weekly balance sheet update: bank reserves increased by $29 billion in the past week, as Primary Dealers added even more to their purchasing capacity post the end of quarter window dressing.

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