2018 Economic Calendar
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Fed Balance Sheet  
Released On 4/5/2018 4:30:00 PM For wk4/4, 2018
PriorActual
Level$4.392 T$4.386 T
Total Assets - Weekly Change$-9.0 B$-6.1 B
Reserve Bank credit - Weekly Change$-4.2 B$-5.5 B

Highlights
The Federal Reserve's assets totaled $4.386 trillion in the April 4 week, down $6.1 billion in the week and down $74 billion from the beginning of balance sheet unwinding in October 2017.

Treasury holdings in the week were $2.413 trillion, down $52 billion since October vs a scheduled unwinding for $54 billion. Holdings of mortgage-backed securities were $1.754 trillion which is down $14 billion from October and short of a scheduled decline for $36 billion. Note that mortgage-backed unwinding can be uneven due to unscheduled prepayments of principal as well as timing differences in payments and settlements.

The main factor draining reserves in the latest week was Treasury holdings which fell $11.9 billion.

Reserve Bank credit for the April 4 week decreased $5.5 billion after increasing $2.1 billion in the prior week.

Note that the beginning of the unwinding, under guidance of the New York Federal Reserve Bank, is the week ended October 4, 2017.

Definition
The Fed's balance sheet is a weekly report presenting a consolidated balance sheet for all 12 Reserve Banks that lists factors supplying reserves into the banking system and factors absorbing reserves from the system. The report is officially named Factors Affecting Reserve Balances, otherwise known as the "H.4.1" report.

In September 2017, the Fed announced a program to reduce its balance sheet by the gradual reduction of both its Treasury and mortgage-backed security holdings. The monthly reductions, executed by reinvesting a decreasing amount of maturing securities, began in October 2017 and will gradually increase in size before hitting a plateau in October 2018 where they will hold until the FOMC judges that the Fed is holding no more securities than necessary. Under the schedule for 2018, the Fed's Treasury holdings will be reduced by $270 billion while holdings of mortgage-backed securities will be reduced by $180 billion.  Why Investors Care
 
 

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