This week the FED executed 4 POMO (Permanent Open Market Operation) purchases; $8.030, $7.566, $1.97 and $6.58 (all in billions) for a total of $24.146 billion printed for the week. This brings the total since November 3rd 2010 (when the FED announced the printing of $600 billion by June 2010) to $520.397. With 12 weeks to go before June 30th and an average run rate of $24.562 billion per week, this should add an additional $294.751 of POMO bringing the total for QE2 to $815.148 billion dollars ($215.148 billion over the stated $600 billion). Since August 17th of 2010 a total of $584.857 billion has been printed to date.
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