Fed data shows record balance

City A.M. Reporter

size of the Federal Reserve’s balance sheet reached a record, Fed data released yesterday showed, due to the central bank’s purchases of Treasuries and mortgage-backed securities that are part of its unconventional policy aimed at supporting economic growth.

The Federal Reserve’s balance sheet – which is a broad gauge of its lending to the financial system – stood at $2.994 trillion (£1.897 trillion) on 23 January, up from $2.946 trillion on 16 January.