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June 2010 Tealbook Book B Tables and Charts
Appendix C. Long-run Projections of the Balance Sheet and Monetary Base
Federal Reserve Balance Sheet: End-of-Year Projections -- Baseline Scenario
May 31, 2010 | End-of-Year | ||||||
---|---|---|---|---|---|---|---|
2010 | 2012 | 2014 | 2016 | 2018 | 2020 | ||
$ Billions | |||||||
Total assets | 2,340 | 2,202 | 1,846 | 1,386 | 1,497 | 1,661 | 1,856 |
Selected assets: | |||||||
Liquidity programs for financial firms | 7 | 15 | 0 | 0 | 0 | 0 | 0 |
Primary, secondary, and seasonal credit | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Term auction credit (TAF) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Central bank liquidity swaps | 7 | 15 | 0 | 0 | 0 | 0 | 0 |
Primary Dealer Credit Facility (PDCF) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility (AMLF) |
0 | 0 | 0 | 0 | 0 | 0 | 0 |
Lending through other credit facilities | 44 | 44 | 12 | 1 | 0 | 0 | 0 |
Net portfolio holdings of Commercial Paper Funding Facility LLC (CPFF) |
0 | 0 | 0 | 0 | 0 | 0 | 0 |
Term Asset-Backed Securities Loan Facility (TALF) | 44 | 44 | 12 | 1 | 0 | 0 | 0 |
Support for specific institutions | 119 | 81 | 40 | 14 | 4 | 0 | 0 |
Credit extended to AIG | 52 | 28 | 9 | 0 | 0 | 0 | 0 |
Net portfolio holdings of Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC |
68 | 53 | 31 | 14 | 4 | 0 | 0 |
Securities held outright | 2,057 | 1,960 | 1,707 | 1,294 | 1,422 | 1,593 | 1,791 |
U.S. Treasury securities | 777 | 777 | 777 | 777 | 1,254 | 1,593 | 1,791 |
Agency debt securities | 167 | 147 | 77 | 34 | 10 | 0 | 0 |
Agency mortgage-backed securities | 1,114 | 1,035 | 853 | 484 | 158 | 0 | 0 |
Memo: TSLF | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Repurchase agreements | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Special drawing rights certificate account | 5 | 5 | 7 | 7 | 7 | 7 | 7 |
Net portfolio holdings of TALF LLC | 0 | 1 | 1 | 1 | 0 | 0 | 0 |
Total other assets | 112 | 102 | 86 | 76 | 72 | 69 | 66 |
Total liabilities | 2,284 | 2,143 | 1,768 | 1,283 | 1,361 | 1,481 | 1,617 |
Selected liabilities: | |||||||
Federal Reserve notes in circulation | 902 | 918 | 1,008 | 1,137 | 1,252 | 1,373 | 1,509 |
Reverse repurchase agreements | 59 | 59 | 59 | 59 | 59 | 59 | 59 |
Deposits with Federal Reserve Banks | 1,305 | 1,147 | 686 | 73 | 35 | 35 | 35 |
Reserve balances of depository institutions | 1,083 | 939 | 476 | 25 | 25 | 25 | 25 |
U.S. Treasury, general account | 20 | 5 | 5 | 5 | 5 | 5 | 5 |
U.S. Treasury, supplementary financing account | 200 | 200 | 200 | 38 | 0 | 0 | 0 |
Total capital | 56 | 59 | 78 | 103 | 136 | 180 | 239 |
Source. Federal Reserve H.4.1 statistical release and staff calculations.
Last update: January 29, 2016