The privately owned gold held in Turkish commercial banks has shown up on the balance sheet for the central bank, resulting in news reports of inflated official-sector reserves in the country, the consultancy said.
The decision by the Fed to offer emergency liquidity to Bear Stearns and to facilitate its acquisition by JPMorgan Chase had less to do with the size of Bear's balance-sheet than with its central role in markets for credit-default and interest-rate swaps.
If the European Central Bank has to expand its balance sheet to shore up ailing European economies, gold is likely to hit new records into 2012, said TD Securities.
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The biggest decline on its balance sheet was in loans to foreign central banks, which could imply that those banks don't face as much demand for dollars from panicky commercial banks in their own nations.
However, market onlookers are changing the shape of what they expect the Fed to deliver and rather than expanding their balance sheet, investors are sensing that the central bank might rejig the composition of its holdings in an effort to deliver borrowers with more attractive financing options.
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Buying masses of exchange-traded funds would expose the central bank directly to the stockmarket, and so put its balance sheet at risk.
The balance sheet for the whole Eurosystem (including all the national central banks) shows almost half a trillion euros in capital and revaluation reserves.
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About a year ago, economic forecasters claiming insight into Fed deliberations spread the word that the central bank had devised a methodical exit strategy to unwind its balance sheet.
Nor will our central bank seek once again to dramatically increase the size of its balance sheet.
Indeed, the yen's previous rise partly reflects the Bank of Japan's reluctance to expand its balance sheet as much as the Fed, BOE, or the European Central Bank.
Quarter-end balance sheet preparations are exacerbating the phenomenon, even as the world's central banks continue to pump cash into the banking system.
The FBI and the U.S. Attorney for the Central District of California have been investigating him since 2003 for fraud in another pink-sheet-listed company, NuWay Medical.
Germany was said to be more comfortable with this idea, since it didn't involve any central bank financing governments directly, and it would formally keep the credit risk off the balance sheet of the ECB.
France, currently the biggest recipient of CAP funds, knows that the balance sheet will look very different when the CAP is fully extended to the new member states from central and eastern Europe.
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