Coronavirus ‘war mode’ pushes Fed balance past $5 trillion for first time

Fox Business | Mar 26, 2020 at 10:48 PM
  • The U.S. Federal Reserve’s balance sheet soared past $5 trillion in assets for the first time this week as it scooped up bonds and extended loans to banks, mutual funds and other central banks in its unprecedented effort to backstop the economy in the face of the global coronavirus pandemic.
  • As of Wednesday, the Fed’s stash of assets totaled $5.3 trillion.
  • The new Primary Dealer Credit Facility had been tapped for $27.7 billion in loans as of Wednesday, while the Money Market Mutual Fund Liquidity Facility had borrowings of $30.6 billion.