Fed balance sheet shrinks for second week as currency swaps fall again

  • The Federal Reserve’s stash of assets shrank for a second straight week as foreign central banks once again sharply cut their use of currency swaps and U.S. banks further dialed back their use of Fed repurchase agreements.
  • The size of the Fed’s balance sheet - composed of assets ranging from U.S. Treasury bonds and mortgage-backed securities to loans to banks and state governments - fell to $7.13 trillion on June 24 from $7.14 trillion a week earlier, data released by the Fed showed on Thursday.

 (Source: Reuters)