BY Matthew Kanterman | January 25 2013 9:08 AM
January 23 marked a historic event for the Federal Reserve, the monetary institution which has seen its share of historic events since the onset of the financial crisis in 2007.
However, as of the week ended January 23, the Fed's balance sheet grew to $3 trillion for the first time ever, the largest in the Fed's nearly 100 year history.
The Fed began purchasing $85 billion per month earlier in January as part of its expanded third round of quantitative easing. Initially, the Fed had planned to purchase $45 billion per month in mortgage backed securities. ...