The Fed Steps Into Uncharted Waters as Assets Top $3 Trillion

CRONKITE Fri Jan 25, 2013 8:43am EST Comments Off on The Fed Steps Into Uncharted Waters as Assets Top $3 Trillion

“The Fed’s balance sheet just topped $3 trillion for the first time ever according to the Wall Street Journal,

The U.S. Federal Reserve‘s balance sheet topped $3 trillion for the first time as the central bank continued with its easy-money policy.

The Fed’s asset holdings in the week ended Jan. 23 increased to $3.013 trillion from $2.965 trillion a week earlier, the central bank said in a weekly report released Thursday.

The Fed’s holdings of U.S. Treasury securities rose to $1.697 trillion Wednesday from $1.689 trillion a week earlier. The central bank’s holdings of mortgage-backed securities rose to $983.17 billion, from $947.61 billion a week ago.