The U.S. Federal Reserve's stash of bonds and other assets rose for the first time in more than a month, even as many of its emergency lending facilities continued to get little use and a new lending program designed to help small and medium-sized companies hurt by the coronavirus crisis got off to a slow start.
FILE PHOTO: Federal Reserve Chairman Jerome Powell, wearing a face mask, testifies before the House of Representatives Financial Services Committee during a hearing on oversight of the Treasury Department and Federal Reserve response to the outbreak of the coronavirus disease , on Capitol Hill in Washington, U.S., June 30, 2020. Tasos Katopodis/Pool via REUTERS
The Fed’s total balance sheet size rose to $7.01 trillion as of July 15 versus $6.97 trillion a week earlier, data released by the central bank on Thursday showed. It was the first increase since June 10, and was largely due to continued purchases of Treasuries and mortgage-backed securities aimed at keeping financial market conditions easy.
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