Federal Reserve’s balance sheet expanded to a record $6.72 trillion as the central bank continued robust purchases of Treasury and mortgage-backed securities to help ensure financial market functioning amid the coronavirus pandemic. Total assets held by the Fed rose by $65.5b in the week through May 6, according to data published Thursday on its website Borrowing through the Commercial Paper Funding Facility rose to $3.99b from $3.37b Small-business loans backstopped by the Fed’s Paycheck Protection Program Liquidity Facility, launched on April 16, stood at $29.2b, up from $19.5b a week earlier Liquidity swaps with ... (full story)