Tag Archive for Alphabet Soup

A Shocker, Fed Balance Sheet Collapses- Professional Edition

The biggest shocker this week came in Thursday night’s H41. Fed credit outstanding virtually collapsed with reductions in alphabet soup programs outpacing direct Fed purchase of securities by nearly 8 to 1. The biggest reductions were in the major programs, TAF, CPR, PDCF, and currency swaps with FCBs. Banks’ deposits at the Fed were commensurately…

Alphabet Soup Stress Disorder

This week’s Fed H41 showed that the Fed’s balance sheet collapse continued. Fed credit has now been down 7 weeks in a row, and the numbers aren’t small. The bulk of the plunge has been in currency swaps with foreign central banks, but other programs were down as well. The Fed issued new terms and…