The Fed's Treasury portfolio grew only at the bill end
Total Treasury holdings are up $353.1bn on the year and bills are up $354.7bn - so everything longer than a bill is slightly smaller than it was.
Dollar
Barr sets housing affordability beside a line on further adjustments
The Fed governor spoke on the long-term costs of shelter in Chicago, citing the Atlanta Fed's affordability monitor and two decades in which real incomes rose far more slowly than home prices.
Fed clears BancFirst to take over SpiritBank in an all-Oklahoma deal
The Board approved BancFirst Corporation's acquisition of Spirit BankCorp and the merger of SpiritBank into BancFirst, with the branch network carried over.
Jefferson ties discount window modernisation to Treasury market function
The Fed vice chair used the New York Fed's Treasury Market Conference to set out three dimensions of discount window modernisation and the role of Treasuries as collateral.
The FOMC raised by a quarter point to 3.75–4 percent on a 12–0 vote
The statement of 16 September puts the federal funds target range a quarter point higher, describes activity as expanding at a solid pace, and keeps the ample-reserves framework unchanged.