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发表于 2011-5-12 03:35 PM
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May 12, 2011, 4:30 p.m. EDT
Fed balance sheet expands to record $2.748 trln
WASHINGTON (MarketWatch) - The Federal Reserve's balance sheet expanded to a record $2.748 trillion in the week ended May 11 from $2.723 trillion in the prior week, the central bank said on Thursday. The Fed continues to buy bonds to try to lower long-term interest rates, under its plan, dubbed quantitative easing or QE2, to purchase $600 billion of Treasurys by the end of June. Last month, Fed Chairman Ben Bernanke said the central bank planned to complete the asset purchases on schedule and then planned to freeze the balance sheet's size by reinvesting maturing securities. Bernanke said that shrinking the balance sheet would be a tightening of monetary policy. The report shows that the Fed's holdings of Treasurys rose to $1.467 trillion from $1.442 trillion in the previous week. The Fed's holdings of mortgage-backed securities held steady at $927 billion. |
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