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In cased you missed it late Thursday, Federal...>

FED
FED: In cased you missed it late Thursday, Federal Reserve balance sheet data
revealed that the week to Apr 29 saw the slowest asset increase since early
March, up "only" $82.8bln (to a fresh record of $6.66trn), compared with
+$200-300 billion in most of Mar/Apr.
- This came as asset purchases and repo growth slowed, with MBS held outright
-$17.8bln (first wkly decline since Mar 18), Tsys +62.1bln; repos +$0.7bln to
$158.2bln (well off mid-March high over $440bln). Other notable line items:
- FX Swap Lines with other central banks +$29.2bln to $439bln, highest total
since January 2009.
- Re new facilities: Paycheck Protection Facility (PPP) is really the only one
that saw much uptake, +$11.5bln to $19.5bln. Last week saw contractions in the
size of Primary Dealer Credit Facility and Money Market Mutual Fund Facility.

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