Credit Easing Policy Tools

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May 3, 2013: The data have been updated and are current.


  • Chart
  • Data

Summary View

The Federal Reserve has introduced a number of new tools for conducting monetary policy and dealing with the financial crisis. These tools have become more important with the federal funds rate close to zero. Chairman Ben Bernanke divides the tools into three groups:

  • Lending to financial institutions
  • Providing liquidity to key credit markets
  • Purchasing longer-term securities

The new tools make use of the Fed's balance sheet, particularly the asset side, and involve ways of extending credit and purchasing securities. These actions can change both the absolute level of the balance sheet as well as the types of assets it contains. Bernanke has called the use of the balance sheet in this way "credit easing."

The charts on this site let you see the assets of the balance sheet in a number of ways. Explore them by using the navigation bar on the left.

This page shows the balance sheet with the individual tools grouped into the three types of new credit-easing tools, plus the base of traditional Fed assets.

For an overview of the new tools, see this article.

 

Export to:  .XLS    .CSV

SUMMARY VIEW (Millions of Dollars)

Date Traditional Security Holdings Long Term Treasury Purchases Lending to Financial Institutions Liquidity to Key Credit Markets Fed Agency Debt Mortgage-Backed Securities Purch
01/03/07 771569 88047 0 0
01/10/07 775795 69095 0 0
01/17/07 777708 68484 0 0
01/24/07 777213 60369 0 0
01/31/07 777579 67405 0 0
02/07/07 776052 65920 0 0
02/14/07 777917 69135 0 0
02/21/07 776444 75274 0 0
02/28/07 777065 76583 0 0
03/07/07 778604 73767 0 0
03/14/07 778560 73687 0 0
03/21/07 779210 72386 0 0
03/28/07 780301 72236 0 0
04/04/07 778991 74031 0 0
04/11/07 780336 69573 0 0
04/18/07 781361 70640 0 0
04/25/07 782129 68673 0 0
05/02/07 783936 83260 0 0
05/09/07 786752 67232 0 0
05/16/07 786550 62197 0 0
05/23/07 785997 64917 0 0
05/30/07 786033 68969 0 0
06/06/07 784360 74214 0 0
06/13/07 786772 63952 0 0
06/20/07 785699 67289 0 0
06/27/07 787147 61329 0 0
07/04/07 780390 78066 0 0
07/11/07 787374 66530 0 0
07/18/07 785962 68424 0 0
07/25/07 786062 64876 0 0
08/01/07 784674 73856 0 0
08/08/07 787327 63829 0 0
08/15/07 785954 82772 0 0
08/22/07 784532 67863 0 0
08/29/07 779362 70730 0 0
09/05/07 773755 83285 0 0
09/12/07 774120 82046 0 0
09/19/07 777459 75020 0 0
09/26/07 776315 83629 0 0
10/03/07 775901 86653 0 0
10/10/07 776557 82402 0 0
10/17/07 773723 85762 0 0
10/24/07 773131 86313 0 0
10/31/07 771470 91893 0 0
11/07/07 772354 92772 0 0
11/14/07 771535 95064 0 0
11/21/07 770663 98193 0 0
11/28/07 771677 98429 0 0
12/05/07 773958 93648 0 0
12/12/07 766809 97799 0 0
12/19/07 758996 112265 0 0
12/26/07 740475 133936 0 0
01/02/08 724107 168235 0 0
01/09/08 718496 150798 0 0
01/16/08 721165 146678 0 0
01/23/08 712865 150055 0 0
01/30/08 706841 158627 0 0
02/06/08 701397 161677 0 0
02/13/08 703622 156056 0 0
02/20/08 697345 170965 0 0
02/27/08 698899 168607 0 0
03/05/08 694345 180510 0 0
03/12/08 697494 172745 0 0
03/19/08 664666 215775 0 0
03/26/08 619037 251653 0 0
04/02/08 503479 373111 0 0
04/09/08 451112 416119 0 0
04/16/08 410205 458124 0 0
04/23/08 378971 490878 0 0
04/30/08 385300 481391 0 0
05/07/08 377491 492452 0 0
05/14/08 369513 498788 0 0
05/21/08 371762 500605 0 0
05/28/08 378343 500218 0 0
06/04/08 371291 507714 0 0
06/11/08 375350 499567 0 0
06/18/08 359344 519867 0 0
06/25/08 366701 508925 0 0
07/02/08 361356 499405 29816 0
07/09/08 369150 490922 28900 0
07/16/08 374734 485116 28955 0
07/23/08 362533 493133 29025 0
07/30/08 352521 513550 29065 0
08/06/08 346432 516110 29105 0
08/13/08 348242 509936 29145 0
08/20/08 354689 506921 29183 0
08/27/08 333430 525036 29213 0
09/03/08 328606 538042 29253 0
09/10/08 311701 550510 29293 0
09/17/08 304146 600227 29333 0
09/24/08 271610 776493 51133 3714
10/01/08 220811 1008116 151517 11929
10/08/08 265250 1040817 175342 14347
10/15/08 256154 1311702 159108 14105
10/22/08 253398 1393492 143356 14105
10/29/08 253919 1438859 167530 13897
11/05/08 255814 1443203 344587 13565
11/12/08 258094 1571392 357030 13155
11/19/08 270934 1534238 362434 12654
11/26/08 280096 1428042 372453 12261
12/03/08 229310 1479477 397659 12057
12/10/08 236321 1590947 397355 13106
12/17/08 239033 1562440 408560 16587
12/24/08 291501 1444750 425690 19927
12/31/08 296299 1471568 431230 20266
01/07/09 306157 1402649 431037 19587
01/14/09 334820 1272890 427103 21900
01/21/09 334579 1239063 439301 29942
01/28/09 342748 1211148 404503 33492
02/04/09 348040 1109586 348510 36406
02/11/09 351544 1098632 343329 39208
02/18/09 353377 1123811 336386 95629
02/25/09 356844 1111470 329857 104398
03/04/09 321754 1140934 323929 107114
03/11/09 327313 1123188 320217 109418
03/18/09 329650 286 1119269 322472 271958
03/25/09 345998 327 1100090 320948 285760
04/01/09 376921 18563 1040126 328050 287277
04/08/09 405314 34645 1008090 332438 291399
04/15/09 408576 48823 968422 330108 344975
04/22/09 422292 57685 945815 320322 425356
04/29/09 432574 71760 846842 304841 433802
05/06/09 431916 84337 839356 252605 435414
05/13/09 430578 100826 864110 266867 456224
05/20/09 431082 112766 851266 266974 505034
05/29/09 438024 128085 740865 258801 510655
06/03/09 437118 135134 739433 248099 508316
06/10/09 437120 157653 680151 241706 511272
06/17/09 438863 167911 664836 242485 543161
06/24/09 442671 182434 582096 231937 559227
07/01/09 446005 192512 569312 221781 559332
07/08/09 455807 202539 547975 213089 560277
07/15/09 449567 213082 555483 207182 588545
07/22/09 454174 220840 493525 204702 639475
07/29/09 460530 223869 492092 186762 648573
08/05/09 459666 232899 479800 157752 649725
08/12/09 451132 256530 480470 151500 651781
08/19/09 446152 270825 447237 154589 717782
08/26/09 447315 279606 435376 149755 738453
09/02/09 447992 288173 439496 147079 742597
09/09/09 448394 293107 436616 145532 747833
09/16/09 453715 294455 418992 148756 774694
09/23/09 450996 300247 419756 147244 816121
09/30/09 454473 302609 396368 146291 822246
10/07/09 455958 302631 392535 144863 825716
10/14/09 457180 306903 361903 145012 837119
10/21/09 459112 306956 359348 143742 904409
10/28/09 460214 308029 335157 135806 917626
11/04/09 458990 310808 335305 124256 921413
11/11/09 459404 310815 301688 122397 922949
11/18/09 450358 318693 302904 123737 997429
11/25/09 451670 318701 288635 123660 1008497
12/02/09 448953 318351 282155 124726 1007222
12/09/09 449853 318360 243163 123570 1009738
12/16/09 449859 317807 243204 125514 1030772
12/23/09 450261 317818 233448 125893 1063176
12/30/09 449442 317827 233207 126531 1069454
01/06/10 442627 316370 239246 126639 1068362
01/13/10 450529 316377 229837 125890 1079714
01/20/10 452176 318215 181426 126031 1129581
01/26/10 453511 318222 180464 122952 1136074
02/03/10 452936 317909 182027 120768 1134265
02/10/10 454235 317889 181313 120133 1136822
02/17/10 445813 325314 159226 119799 1190478
02/24/10 446183 325295 155704 119776 1198727
03/03/10 448784 322266 154033 119698 1194300
03/10/10 448939 322299 154482 118030 1195177
03/17/10 448184 323209 141816 120720 1234884
03/24/10 449211 323243 139984 120505 1241007
03/31/10 447232 322335 139464 119921 1237597
04/07/10 448492 322338 137781 119757 1237701
04/14/10 447841 322340 136871 119486 1247188
04/21/10 445608 325157 135181 119591 1268768
04/28/10 445630 325159 135676 120092 1268666
05/05/10 449721 321694 134723 115849 1265522
05/12/10 451811 321733 134882 112100 1265691
05/19/10 444166 328569 141692 111973 1288710
05/26/10 444839 328608 128956 111864 1285309
06/02/10 449317 321837 132434 111665 1280323
06/09/10 449805 321854 126654 111019 1280366
06/16/10 449689 322275 127264 110854 1287561
06/23/10 451257 322293 125685 110605 1294123
06/30/10 447588 322113 127715 110024 1284520
07/07/10 447833 322120 127601 109755 1283034
07/14/10 448094 322127 128723 109113 1283477
07/21/10 450396 322158 125672 108704 1284224
07/28/10 450848 322166 125087 108371 1281212
08/04/10 450315 322630 125251 109334 1277010
08/11/10 450799 322621 126147 107412 1277498
08/18/10 445460 327390 123759 106607 1274783
08/25/10 445083 332339 117850 105950 1268331
09/01/10 445637 333398 118697 104702 1259671
09/08/10 443690 337009 120174 101648 1259670
09/15/10 442213 342594 121696 100604 1257718
09/22/10 441490 353055 121351 99715 1246243
09/29/10 441944 359617 122604 98533 1240263
10/06/10 438012 366744 125377 96435 1232644
10/13/10 444825 368827 126249 96229 1232095
10/20/10 438779 380370 124534 95364 1219778
10/27/10 442729 386096 123908 95224 1209624
11/03/10 446947 388255 123444 96377 1200718
11/10/10 442829 399287 126292 95245 1200718
11/17/10 437660 416553 124700 94567 1194956
11/24/10 438875 444172 129165 93318 1186836
12/01/10 437592 459301 130135 92864 1172995
12/08/10 435404 491460 136571 92431 1170831
12/15/10 443435 507945 137429 91734 1168817
12/22/10 428957 547627 139548 91073 1156175
12/29/10 443165 556490 142912 90966 1148892
01/05/11 431374 573129 150482 90924 1139601
01/12/11 427794 604205 145766 90651 1138633
01/19/11 438107 618488 133544 88617 1134921
01/26/11 429603 653358 128737 88312 1120337
02/02/11 432288 676436 132833 87826 1109701
02/09/11 429782 705357 137754 87850 1109701
02/16/11 439027 721482 137334 87369 1107732
02/23/11 441917 744564 130335 86779 1102529
03/02/11 443238 767616 129639 85416 1093629
03/09/11 438432 797423 134682 85106 1092181
03/16/11 459146 801510 133535 84717 1090057
03/23/11 454216 826359 134993 84165 1082917
03/30/11 448220 854560 140693 83761 1070606
04/06/11 437225 880268 149738 83387 1069650
04/13/11 446889 896752 148638 82668 1068961
04/20/11 455994 913894 145776 80766 1063447
04/27/11 471589 924862 136385 80787 1058375
05/04/11 452001 955454 145684 82016 1052139
05/11/11 454063 979799 147198 80098 1052139
05/18/11 461605 1000357 150138 78856 1048795
05/25/11 462834 1024511 143182 78406 1041830
06/01/11 468883 1040874 146610 77894 1036949
06/08/11 464793 1063291 144831 74886 1036949
06/15/11 464085 1084565 150593 74516 1036366
06/22/11 458696 1102085 159698 73609 1032794
06/29/11 460299 1117175 162917 73478 1029564
07/06/11 472054 1121274 164091 73016 1024156
07/13/11 485709 1127168 150633 72093 1023923
07/20/11 496811 1120579 149469 68683 1019635
07/27/11 494000 1124640 152185 67282 1015033
08/03/11 491744 1124220 159820 64339 1009720
08/10/11 496845 1128046 156249 64231 1009720
08/17/11 512072 1118602 149530 61404 1006938
08/24/11 515684 1119406 144009 61223 1002377
08/31/11 510775 1126481 142800 61199 994721
09/07/11 519850 1123119 142318 61142 994721
09/14/11 519536 1126479 142883 61196 994721
09/21/11 525405 1126225 142846 58004 987896
09/28/11 524480 1127774 144391 57951 983927
10/05/11 517905 1133521 147435 57927 979151
10/12/11 517486 1139369 146404 57856 979151
10/19/11 514739 1139917 151708 56649 975119
10/26/11 510162 1148025 154769 54365 965837
11/02/11 526814 1128315 154466 51249 956929
11/09/11 505911 1142228 155632 50948 956929
11/16/11 503427 1153992 157488 50190 955311
11/23/11 505716 1151479 154602 47963 948603
11/30/11 490977 1163704 155997 47541 935039
12/07/11 496810 1160672 160201 47408 932961
12/14/11 490788 1168913 214630 46835 946063
12/21/11 474409 1184627 227467 43683 954823
12/28/11 482728 1172472 269322 43286 952352
01/04/12 484973 1164409 266445 43249 941693
01/11/12 483227 1161400 253810 43007 941575
01/18/12 470892 1165814 269545 42707 954908
01/25/12 465292 1175839 273999 42270 947875
02/01/12 472524 1176438 277138 42320 937345
02/08/12 466919 1184123 286006 39195 937516
02/15/12 445243 1199283 289180 39363 945182
02/21/12 447442 1195743 249559 31345 947160
02/22/12 458619 1182188 285380 38731 952606
02/29/12 452600 1182887 285587 38467 948682
03/07/12 446744 1189637 252100 35404 941178
03/14/12 451602 1190123 248927 35010 945973
03/28/12 449366 1198796 252682 29958 941916
04/04/12 441680 1202507 235959 29982 933270
04/11/12 441776 1215701 223380 30028 933271
04/18/12 439123 1221677 221281 28532 955335
04/25/12 436185 1217302 222733 28340 955646
05/02/12 436142 1216968 219700 30701 942376
05/09/12 428248 1223917 219717 30868 942395
05/16/12 435211 1212767 218960 25576 947881
05/25/12 428611 1217099 215535 25110 956041
05/30/12 429573 1216951 216359 24670 946909
06/06/12 414984 1231326 214977 24585 945006
06/13/12 421505 1227191 214808 24601 947327
06/20/12 414234 1240210 219642 19993 955481
06/27/12 410031 1243163 227122 19598 954158
07/04/12 405357 1244018 229707 19880 946497
07/11/12 398984 1251988 231572 19892 946528
07/18/12 398413 1244524 237277 18614 958202
07/25/12 392384 1249679 233481 12068 956413
08/01/12 385974 1253981 235865 12908 944452
08/08/12 373667 1264901 238545 13037 944519
08/15/12 371892 1268180 241393 11581 946373
08/22/12 374751 1258973 224129 6665 945919
08/29/12 370901 1261234 225493 5911 939850
09/05/12 364148 1274238 222860 5709 930897
09/12/12 366230 1279948 223625 5507 930932
09/19/12 361725 1275195 221871 5217 943204
09/26/12 357508 1277500 224827 3821 932669
10/03/12 355269 1282864 225622 3272 918394
10/10/12 365628 1284252 225828 3269 918304
10/17/12 354062 1289599 227874 3214 945095
10/24/12 367358 1277040 230438 2996 950965
10/31/12 366395 1275849 231348 2888 933915
11/09/12 360356 1281805 231876 2770 933957
11/21/12 362752 1280979 226194 2603 966764
11/28/12 360310 1277135 228284 2460 972830
12/12/12 364191 1291422 230956 2416 969387
12/15/12 365863 1284183 227918 2452 962910
12/19/12 364352 1289466 234233 2319 1009247
12/26/12 360451 1287544 236699 2104 1018194
01/02/13 357816 1297115 235707 2052 1003441
01/09/13 356855 1307303 235978 2052 1003426
01/16/13 355948 1319881 238473 2053 1013140
01/25/13 359530 1327687 241878 2054 1044243
01/30/13 345820 1341053 253632 2045 1043356
02/06/13 347466 1348177 252901 1989 1040976
02/13/13 346217 1359473 256905 1967 1053289
02/20/13 349062 1367453 250158 1923 1094972
02/27/13 343428 1380542 252238 1879 1099685
03/06/13 345922 1392467 255309 1870 1089527
03/13/13 351406 1400690 254124 1865 1102248
03/20/13 345375 1415356 259655 1874 1144563
03/27/13 346161 1425163 262616 1870 1151802
04/03/13 339128 1436342 270269 1870 1143380
04/10/13 347502 1445184 268419 1870 1143367
04/17/13 345583 1455745 270504 1872 1192882
04/24/13 345613 1466930 273165 1873 1208683
05/01/13 339143 1478685 278471 1888 1193510
05/08/13 343208 1485036 278366 1892 1193599
05/15/13 344724 1495212 278107 1893 1208525
05/22/13 341657 1507859 270649 1884 1239588
05/29/13 346272 1514264 268521 1835 1246980
06/05/13 343027 1528679 266105 1781 1235865
06/12/13 348407 1536747 267603 1781 1235885
06/19/13 348251 1549375 267967 1779 1277856
06/26/13 344177 1559085 274288 1769 1289832
07/03/13 346546 1573347 272125 1762 1277525
07/10/13 352945 1583199 267371 1755 1277319
07/17/13 355740 1592342 268210 1743 1286325
07/24/13 352518 1600675 269856 1736 1318672
07/31/13 355286 1613039 268046 1722 1313471
08/07/13 354288 1624006 268539 1760 1313485
08/14/13 355602 1631725 273408 1760 1331153
08/21/13 352097 1642799 260961 1746 1360711
08/28/13 348385 1654239 262439 1679 1363890
09/04/13 350665 1663917 263279 1680 1357082
09/11/13 354468 1671714 262259 1681 1355896
09/18/13 347193 1682682 270316 1686 1401224
09/25/13 341534 1692631 276772 1683 1413601
10/02/13 342028 1707554 274591 1681 1403185
10/09/13 352735 1717369 268723 1680 1402799
10/16/13 348203 1725662 274067 1680 1445069
10/23/13 348714 1737103 275403 1679 1452526
10/30/13 347405 1748378 277397 1683 1453754
11/06/13 350924 1756180 274308 1701 1452773
11/13/13 353974 1767665 273555 1702 1458611
11/20/13 351072 1781499 265589 1703 1491338
11/27/13 352167 1794207 266337 1700 1502119
12/04/13 350801 1800331 268108 1700 1498232
12/11/13 350176 1816261 268335 1703 1504247
12/18/13 353180 1827834 271019 1703 1540622
12/25/13 352461 1839371 274150 1723 1554326
01/01/14 354703 1839318 275022 1723 1547381
01/08/14 353252 1843467 273961 1723 1546940
01/15/14 352430 1851495 276761 1723 1562028
01/22/14 354849 1861972 276121 1725 1587906
01/29/14 352325 1873718 277723 1731 1591286
02/05/14 352987 1883517 276332 1760 1586639
02/12/14 357310 1891643 278056 1760 1583651
02/19/14 354448 1898413 277715 1761 1615969
02/26/14 352249 1908797 268551 1761 1625727
03/05/14 354951 1919289 266295 1761 1621511
03/12/14 354528 1926775 270738 1762 1621534
03/19/14 351252 1936629 276145 1765 1648994
03/26/14 350006 1942374 279159 1754 1654672
04/02/14 352704 1951489 276659 1751 1650451
04/09/14 355239 1956922 275900 1751 1650451
04/16/14 353719 1966826 277876 1753 1680185