TARP Likely Helped Commercial Banks Boost MBS Holdings in Recent Months
February 27, 2009
Commercial banks increased their MBS holdings during the fourth quarter of 2008 and early this year, helping to offset a decline in the appetite of foreign investors. Large commercial banks held $778.6 billion of MBS in their portfolios at the end of January, according to the Federal Reserve. That was up $18.8 billion from the end of last year. In the four... [Includes one chart and one graph]