This is the problem with using seasonally adjusted data.
The peak in the Fed's balance sheet - according to St. Louis Fed numbers - was back in February.
I would be surprised to see new highs in this number.
* * * * * J B K * * * * *
San Francisco
The U.S. Federal Reserve's balance sheet rose to a record high in the latest week, Fed data released on Thursday showed, as the last of the U.S. central bank's mortgage support efforts came to a conclusion.
The Fed's balance sheet -- a broad gauge of its lending to the financial system -- increased to $2.322 trillion in the week ended April 14 from $2.290 trillion in the week ended April 7.
The Fed's program of buying mortgage securities came to a conclusion on March 31, though the figures suggest it was still taking delivery of some of those purchases.
