Fed Balance sheet Figure 2. FED’ S ASSETS FED'S LIABILITIES 4.0(trillion dollars) (trillion dollars) US Treasuries Agency Debt Liquidity Facilities 05074 2008120091201012011120121201312014120151201612017 320 T15T20162017 53222 5296 with Fed Agency Debt MBs Deposits at Fed) 2008120091201012011120121201312014120151201612017 20081200912010l20112012120l312014120151201612017 144 Central Bank Liquidity Swaps Other Loans 104 100 Federal Reserve Notes Source federal r figure for weeks ending Wednesdays Page 2/June 22. 2016/ Global Economic Briefing: Central Bank Balance Sheets Yardeni research www.yardFigure 2. 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 .0 .5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5 FED’S ASSETS* 6/15 (trillion dollars) US Treasuries + Agency Debt + MBS Liquidity Facilities 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 .5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5 5.0 6/15 FED’S LIABILITIES* (trillion dollars) Total 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 .0 .3 .6 .9 1.2 1.5 1.8 2.1 2.4 2.7 6/15 Agency Debt + MBS US Treasury Securities 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 .0 .3 .6 .9 1.2 1.5 1.8 2.1 2.4 2.7 3.0 6/15 Reserve Balances with Fed (Depository Institutions’ Deposits at Fed) 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 .0 .2 .4 .6 .8 6/15 Central Bank Liquidity Swaps Other Loans *Average of daily figures for weeks ending Wednesdays. Source: Federal Reserve Board. 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 .76 .80 .84 .88 .92 .96 1.00 1.04 1.08 1.12 1.16 1.20 1.24 1.28 1.32 1.36 1.40 1.44 6/15 Federal Reserve Notes yardeni.com Fed Balance Sheet Page 2 / June 22, 2016 / Global Economic Briefing: Central Bank Balance Sheets www.yardeni.com Yardeni Research, Inc