Fed balance sheet tops $8 trillion for first time -data

Fed balance sheet tops $8 trillion for first time -data

NEW YORK, June 10 (Reuters) – The Federal Reserve’s balance sheet topped $8 trillion for the first time, weekly data published on Thursday by the central bank on its holdings showed.

The report also showed the Fed appears to have sold around $160 million of its corporate debt holdings since Monday, following the announcement it would unwind its nearly $14 billion corporate credit portfolio.

As a first step, the central bank began selling its stakes in 16 bond exchange-traded funds on Monday. (Reporting by Kate Duguid)

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