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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