Detailed Fed Funds Injections Since 2006

Much is being said these days on financial entertainment TV and publications about the huge Fed injections. In particular, every Thursday we hear about some huge numbers that is now a new record. These "injections" are in the form of TOMOs and POMOs (temporary and permanent open market operations). Reality is that these numbers are nothing out of the ordinary - so far. The table below shows the total amount of funds actually added since 2006.

The table shows the amounts added for each month of 2007, the total for 2006, the total for 2007, the totals since Jan 2006, and since May 2007.

The total amount "injected" since Jan 2006 until today is $1B.
The total amount "injected" since 2007 until today is $7B.

Up to Nov 19 2007 In $B USD Date Total Total Total Net Add Submitted Accepted Maturing Jan 07 only 1277.83 176.00 184.75 -8.75 Feb 07 only 1184.42 193.75 180.50 13.25 Mar 07 only 1282.64 228.25 240.25 -12.00 Apr 07 only 1066.00 167.75 149.50 18.25 May 07 only 1140.55 167.00 182.75 -15.75 Jun 07 only 1161.70 177.75 188.25 -10.50 Jul 07 only 1238.35 185.00 180.00 5.00 Aug 07 only 1598.49 209.00 200.75 8.25 Sep 07 only 1220.82 236.50 230.25 6.25 Oct 07 only 1905.18 268.75 265.00 3.75 Nov 07 only 1035.90 190.00 190.75 -0.75 2006 only 13239.47 2125.50 2131.50 -6.00 Since Jan 2006 27351.36 4325.25 4324.25 1.00 Since Jan 2007 14111.89 2199.75 2192.75 7.00

Data is obtained from the Federal Reserve web site as well as from the "Slosh" report.