Flu.Watch - Influenza News and Updates
Reports on the Coronavirus and Influenza Around the World
  • Home
  • Updates
Navigation: Main Page > Updates > The Fed’s balance sheet exceeds $5 trillion for the first time in history amid the bank’s wave of coronavirus relief efforts

Breaking News

Answers to 9 crucial questions about the coronavirus variants spreading around the world
Prisons are covid hot spots. But few countries are prioritizing vaccines for inmates.
Biden Outlines $1.9 Trillion Spending Package to Combat Virus and Downturn
What’s in Biden’s $1.9 Trillion Stimulus Plan
Biden’s $1.9 trillion Covid relief plan calls for stimulus checks, unemployment support and more

Updates

The Fed’s balance sheet exceeds $5 trillion for the first time in history amid the bank’s wave of coronavirus relief efforts

Editor Business Insider March 27, 2020

Federal ReserveKevin Lamarque/Reuters

  • The Federal Reserve’s balance sheet surpassed $5 trillion for the first time as the coronavirus threat drove major liquidity operations.
  • The central bank added $586 billion worth of assets in the week ended March 25, according to a Thursday release, bringing its total holdings to $5.3 trillion.
  • Treasury and mortgage-backed securities accounted for $355 billion in Fed purchases, arriving days after the bank lifted its limit for asset buying.
  • Credit extended to banks over the period reached $50.8 billion.
  • Visit the Business Insider homepage for more stories.

The Federal Reserve’s emergency relief efforts through March pushed its balance sheet past $5 trillion for the first time.

The central bank added $586 billion worth of assets in the week ended March 25, according to a Thursday release, bringing its total holdings to $5.3 trillion. Credit extended to banks swelled to $50.8 billion as firms prepared for increased borrowing amid the economic slowdown.

Recession risks posed by the coronavirus pandemic prompted the Fed to step in with an array of monetary stimulus actions. The bank announced Monday it would lift the limit for …continued .
[
Source: Business Insider]

Related Posts

Updates /

Answers to 9 crucial questions about the coronavirus variants spreading around the world

Updates /

Prisons are covid hot spots. But few countries are prioritizing vaccines for inmates.

Updates /

Biden Outlines $1.9 Trillion Spending Package to Combat Virus and Downturn

‹ A Grocer Reveals What It’s Like To Run A Supermarket In A Pandemic › A UBS exec lays out the benefits and pain points of all-electronic trading after coronavirus concerns cleared the floor at NYSE
January 2021
M T W T F S S
 123
45678910
11121314151617
18192021222324
25262728293031
« Dec    

Recent Updates

  • Answers to 9 crucial questions about the coronavirus variants spreading around the worldAnswers to 9 crucial questions about the coronavirus variants spreading around the world
  • Prisons are covid hot spots. But few countries are prioritizing vaccines for inmates.Prisons are covid hot spots. But few countries are prioritizing vaccines for inmates.
  • Biden Outlines $1Biden Outlines $1.9 Trillion Spending Package to Combat Virus and Downturn
  • What’s in Biden’s $1What’s in Biden’s $1.9 Trillion Stimulus Plan
  • Biden's $1Biden’s $1.9 trillion Covid relief plan calls for stimulus checks, unemployment support and more

Flu Watch Monthly Archives

  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020

Browse by Popular Tag

Business Insider BuzzFeed CBS News Centers for Disease Control and Prevention CNBC CNN Fox News Huffington Post New York Times The Guardian Washington Post World Health Organization Yahoo News

Back to Top

  • DMCA / Copyright
(c) 2020 Flu.Watch