Fed's balance sheet hits record in latest week
The increase came as the central bank bought U.S. Treasuries as a part of its $600 billion program in an effort to help the economy.
The balance sheet -- a broad gauge of Fed lending to the financial system -- expanded to $2.528 trillion in the week ended March 2 from $2.516 trillion the prior week.
The central bank's holding of U.S. government securities jumped to $1.236 trillion on Wednesday from last week's $1.213 trillion total.
The Fed's ownership of mortgage bonds guaranteed by Fannie Mae , Freddie Mac and the Government National Mortgage Association (Ginnie Mae) fell to $948.932 billion in the latest week from $958.201 billion.
The Fed's holdings of debt issued by Fannie Mae, Freddie Mac and the Federal Home Loan Bank system totaled $143.249 billion, compared with $144.119 billion a week earlier.
The Fed's overnight direct loans to credit-worthy banks via its discount window averaged $18 million a day in the week ended Wednesday, unchanged on last week.
(Reporting by Karen Brettell; Editing by James Dalgleish)