Economy Measure Code Measure Currency Code Amount (Local) Amount (USD) Source Details
United States 07 07 - Central bank financing government USD 1,819,448,000,000 1,819,448,000,000 US Treasury. fsapps.fiscal.treasury.gov/dts/issues (accessed 26 June 2020).

As of end of May, the total increase in Treasury liabilities held by the Federal Reserve exceeded total government deficits during March/April/May (reported in measure 05 above) by more than USD400 billion. [update]

United States 07A 07A - Direct lending and reserve drawdown USD 95,632,000,000 95,632,000,000 US Treasury. fsapps.fiscal.treasury.gov/dts/issues (accessed 26 June 2020).

(i) On May 22, USD40.375 billion, or 85% of the US Treasury's first-loss positions in the CPFF, PMCCF, and SMCCF currently allocated on the Federal Reserve's balance sheet, were invested by the Federal Reserve in non-marketable Treasury securities, appearing as a "Domestic Series" transaction in Table III-A of the US Treasury's daily financial statement; (ii) On May 29, USD14.829 billion, or 85% of the US Treasury's first-loss position in the MLF currently allocated on the Federal Reserve's balance sheet, were invested by the Federal Reserve in non-marketable Treasury securities, appearing as a "Domestic Series" transaction in Table III-A of the US Treasury's daily financial statement; (iii) On June 8, USD31.875 billion, or 85% of the US Treasury's current allocation of its first-loss position on the Federal Reserve's balance sheet, were invested by the Federal Reserve in non-marketable Treasury securities, appearing as a "Domestic Series" transaction in Table III-A of the US Treasury's daily financial statement. (iv) On June 19, USD8.5 billion, or 85% of the US Treasury's current allocation of its first-loss position for TALF on the Federal Reserve's balance sheet, were invested by the Federal Reserve in non-marketable Treasury Securities, appearing as a "Domestic Series" transaction in Table III-A of the US Treasury's daily financial statement; (v) as of June 24, the total non-marketable "Domestic Series" debt issuance to the SPVs was USD95.625 billion for the first-loss positions plus an additional USD7 million in interest on this debt that has been rolled over into the Domestic Series issues [update]

United States 07B 07B - Secondary purchase: government securities USD 1,723,816,000,000 1,723,816,000,000 IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 16 April 2020). Federal Reserve. https://www.federalreserve.gov/releases/h41/current/ (accessed 26 June 2020).

(i) No amount/estimate: March 15, The Federal Reserve restarted quantitative easing with the purchase of Treasuries; (ii) June 24, The Federal Reserve currently owns USD4.197 trillion in US Treasuries, which is an increase of USD1.723816 trillion over the USD2.474060 trillion it owned at the end of February; the total increased is composed of an additional USD45.5 billion in T-bills, an additional USD1.534 trillion in T-notes and T-bonds, and an additional USD144.47 billion in inflation indexed securities. [update]