2018 Economic Calendar
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Fed Balance Sheet  
Released On 9/13/2018 4:30:00 PM For wk9/12, 2018
Level$4.208 T$4.211 T
Total Assets - Weekly Change$-10.4 B$2.3 B
Reserve Bank credit - Weekly Change$-16.4 B$1.3 B

The Federal Reserve's assets totaled $4.211 trillion in the September 12 week, up $2.3 billion from the prior week and down $249.6 billion from the beginning of balance sheet unwinding in October 2017.

Treasury holdings were $2.313 trillion in the September 12 week, unchanged from the prior week and down $152.3 billion since October. Treasuries are scheduled to decline to $2.285 trillion by the end of September.

There was also no progress in the unwinding of mortgage-backed securities which are well behind schedule. MBS holdings were unchanged in the week at $1.697 trillion which is down $71.1 billion since October but well short of the scheduled decline to $1.664 trillion by the end of August. MBS holdings are scheduled to decline to $1.648 trillion by the end of this month. Note that mortgage-backed unwinding can be uneven due to unscheduled prepayments of principal as well as timing differences in payments and settlements.

The largest factor adding reserves in the week were other assets which rose $2.5 billion.

Reserve Bank credit for the September 12 week increased $1.3 billion after decreasing $16.4 billion in the prior week.

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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