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Washington
Fed Banks assets increased by 193B in 2010
WASHINGTON (3/23/11)--The Federal Reserve this week reported $2.428 trillion in total reserve bank assets as of December 31, 2010, $193 billion more than was reported at the end of 2009. The Fed numbers were released as part of its 2010 comparative financial statements. The Fed in a release said that the statements combine the financial results of the Fed’s Banks, its 12 individual Federal Reserve Banks, the limited liability companies that were created to respond to strains in financial markets, and the Fed’s Board of Governors. The statements noted that the Fed’s U.S. Treasury securities holdings increased by $261 billion and its holdings of federal agency and government-sponsored enterprise (GSE) mortgage-backed securities (MBS) increased by $86 billion. The Fed said that this $347 billion increase was partly offset by two factors: a $96 billion decrease in loans to depository institutions and a $23 billion decrease in loans extended under the Fed’s Term Asset-Backed Securities Loan Facility. The Federal Reserve Banks' comprehensive income increased to $82 billion in 2010, up $28 billion from the previous year’s total. The Fed noted that the Reserve Banks transferred $79 billion of that $82 billion total to the U.S. Treasury. A total of $47 billion in comprehensive income was transferred to the Treasury in 2009, according to the Fed. For the full Fed financial statements, use the resource link.
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