2018 Economic Calendar
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Fed Balance Sheet  
Released On 6/7/2018 4:30:00 PM For wk6/6, 2018
PriorActual
Level$4.328 T$4.319 T
Total Assets - Weekly Change$-9.8 B$-8.3 B
Reserve Bank credit - Weekly Change$-10.2 B$-10.2 B

Highlights
The Federal Reserve's assets totaled $4.319 trillion in the June 6 week, down $8.3 billion from the prior week and down $141 billion from the beginning of balance sheet unwinding in October 2017.

Treasury holdings were $2.378 trillion in the June 6 week and down $88 billion since October. Treasuries are scheduled to decline to $2.357 trillion at the end of this month.

Holdings of mortgage-backed securities remain stubbornly high, at $1.735 trillion which is unchanged in the week and down only $34 billion since October. MBS is scheduled to decline by month end to $1.696 trillion. Note that mortgage-backed unwinding can be uneven due to unscheduled prepayments of principal as well as timing differences in payments and settlements.

Treasuries were the largest factor draining reserves, down $9.2 billion in the latest week.

Reserve Bank credit for the June 6 week decreased $10.2 billion after also decreasing $10.2 billion in the prior week.

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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