The total size of the Federal Reserve’s balance sheet increased by around $1.5 billion over the week ending August 24, 2011. Moreover, further evidence of a dire desperation for dollar funding emerged as the Fed increased its lending to foreign central banks and shuffled around its liabilities. See below for the usual Federal Reserve balance sheet charts and an outline of the funny business that went on over the past week.

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In an edit to last week’s update of the daily treasury statement charts, we noted that:

 

The US Treasury’s cash balance was $10.927 billion as of Wednesday, 19th August 2011. This is the lowest level since September 2008!

 

Over the week just passed, we’ve seen a minor increase to just under $13 billion. Here I present the usual charts of the US Treasury’s cash balance and of the cash balance lagged against US equity indices.

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