July 2 (Reuters) - The U.S. Federal Reserve's huge stash of bonds and different property slipped for a 3rd straight week to its smallest dimension
July 2 (Reuters) – The U.S. Federal Reserve’s huge stash of bonds and different property slipped for a 3rd straight week to its smallest dimension since mid-Could, information launched by the central financial institution on Thursday confirmed.
The Fed’s complete steadiness sheet dimension declined by about $74 billion to $7.06 trillion as of July 1 versus $7.13 trillion per week earlier.
The decline was led by a roughly $50 billion fall in excellent foreign money swaps with international central banks, the fifth straight weekly drop and a sign of an easing U.S. greenback crunch that had been an early function of the monetary strains attributable to the coronavirus disaster. (Reporting By Dan Burns Modifying by Chris Reese)