Fed Bond purchases Figure 5 FED NET PURCHASES OF US TREASURY US AGENCY bondS +MBS ( monthly change, billion dollars 011 2012 15 2016 FED NET PURCHASES OF US TREASURY BONDS 2012 2014 FED NET PURCHASES OF US AGENCY BONDS + MBS 2011 Source: Federal Reserve board Page 4/June 22, 2016/ Global Economic Briefing: Central Bank Balance Sheets Yardeni research www.yardFigure 5. 2009 2010 2011 2012 2013 2014 2015 2016 -50 0 50 100 150 200 250 300 -50 0 50 100 150 200 250 300 May FED NET PURCHASES OF US TREASURY & US AGENCY BONDS + MBS (monthly change, billion dollars) 2009 2010 2011 2012 2013 2014 2015 2016 -50 0 50 100 150 -50 0 50 100 150 May FED NET PURCHASES OF US TREASURY BONDS 2009 2010 2011 2012 2013 2014 2015 2016 -50 0 50 100 150 200 -50 0 50 100 150 200 May FED NET PURCHASES OF US AGENCY BONDS + MBS Source: Federal Reserve Board. yardeni.com Fed Bond Purchases Page 4 / June 22, 2016 / Global Economic Briefing: Central Bank Balance Sheets www.yardeni.com Yardeni Research, Inc