A “conundrum”, or plain old monetization?

Tags: Calculation and Knowledge

01/03/2006 Mises Wire Sean Corrigan

Fed Res outright debt holdings + Fed Repos + Foreign CB Custody accts = Total (blns)

End Dec 04 ....... $717.8 ....... $33.0 ....... $1340.3 = ....... $2091.1

End Dec 05 ....... $744.2 ....... $45.3 ....... $1522.0 = ....... $2311.5

Difference .................................................................. $220.4

Outstanding Marketable debt issued by UST

Dec 04 ................................................................. $3943.6

Dec 05 (est) .......................................................... $4164.0

Difference ........................................................... c. $220.4

QED

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