During the quarter, this sector's primary applications of funds were in the reduction of miscellaneous liabilities, the purchase of miscellaneous assets, FHLB loans, corporate bonds, and agency bonds. Principal sources of funds were new issues of agency securities.
Net flows that were more than ten percent of net applications or net sources were as follows (US$ billions):
Applications of funds: |
|
Misc. Liabilities |
112.6 |
| Misc. Assets | 54.3 |
| FHLB Loans | 44.6 |
| Corporate Bonds | 36.3 |
Agency Bonds |
31.5 |
Sources of funds: |
|
Sale Agency Bonds (P) |
299.5 |
Bond sales were into a falling market.