News for hackers. Stuff that matters.

A comment on The Fed now owns nearly 1/3 of all U.S. mortgages. Parent comment

Re:The Fed now owns nearly 1/3 of all U.S. mortgages by pieno on Wednesday September 09, 2020 @03:25AM (#24418265)
Not really.

ECB balance of assets purchased: €2.9tn(August 2020) Eurozone GDP: €11.9tn (2019) So 24%

Fed balance of assets purchased: $6.3tn (September 2020) US GDP: $21.4tn (2019) So 29%

Even if you look at total assets on the balance sheet (Including assets purchased outright and collateralised loans), the difference is not that huge: ECB: €4.7tn (39%) Fed: $7.0tn (32%)

[ Parent | on HN ]
Re:The Fed now owns nearly 1/3 of all U.S. mortgages by mrep on Wednesday September 09, 2020 @08:38AM (#24420316)
Source for ECB? FRED says they've got about 6.458 trillion euros [0] and the english version of the ECB website says they had 4.6 trillion at the end of 2019 which also matches the FRED and they haven't updated it since then [1].

[0]: https://fred.stlouisfed.org/series/ECBASSETSW

[1]: https://www.ecb.europa.eu/pub/annual/balance/html/index.en.h...

[ Parent | on HN ]