by Bill McBride on 10/30/2008 04:47:00 PM
Thursday, October 30, 2008
The Fed released the weekly balance sheet report today. The Fed reported that the Commercial Paper Funding Facility LLC holds $145.7 billion in 16 to 90 day commercial paper.
From Bloomberg: Fed Buys $145.7 Billion of Commercial Paper in Start of Program
The Federal Reserve bought commercial paper valued at $145.7 billion in the first days of the program aimed at backstopping the market, indicating the central bank is generating most of this week's record gains in short-term corporate borrowing.
The central bank extended $144.8 billion of loans as of yesterday to a unit that paid $143.9 billion for the debt, the Fed's weekly balance-sheet report said today.