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MNI Fed Balance Sheet Tracker - Mar 31, 2023

MNI Fed Balance Sheet Tracker - Mar 31, 2023

MNI Fed Balance Sheet Tracker - Mar 31, 2023

EXECUTIVE SUMMARY:

  • The latest Fed balance sheet data release shows that liquidity extended to banks dipped slightly in the week to Mar 29.
  • However the overall gains over the past month (ie since fears began emerging about Silicon Valley Bank) remain sizeable, and the gain in system reserves has largely been maintained.
  • Other items of interest include an apparent shift in borrowing from the Discount Window to the Fed's new BTFP facility; the US Treasury General Account balance falling to a post-2021 low; and a dip in FIMA repo facility takeup.

    For full PDF analysis:

    FedBalanceSheet-Mar312023.pdf




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