They are looking at seasonally adjusted data.
The actual data is here for the past 5 two-week periods.
2142.635
2083.298
2076.018
2039.903
1996.390
Those numbers are falling, not rising and that's what affects the markets.
* * * * * J B K * * * * *
San Francisco
The Federal Reserve's balance sheet rose for the first time in four weeks, Fed data released on Thursday showed.
The Fed's balance sheet -- a broad gauge of its lending to the financial system -- climbed to $2.318 trillion in the week ended May 12 from $2.308 trillion in the week ended May 5.
http://www.reuters.com/article/idUSTRE64C5E620100513?type=GCA-Economy2010
