2012 Economic Calendar
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Fed Balance Sheet  
Released On 4/12/2012 4:30:00 PM For wk4/11, 2012
PriorActual
Total Assets - Weekly Change$-12.7 B$1.7 B
Reserve Bank credit - Weekly Change$1.0 B

Highlights
For the April 11 week, the Fed's balance sheet expanded $1.7 billion after shrinking $12.7 billion the week before. However, that was notable movement by components. Holdings of Treasuries jumped $11.7 billion while "other assets" (largely those denominated in foreign currencies) rose $3.2 billion. Largely offsetting was a $14.0 billion fall in central bank liquidity swaps.

Total assets for the April 11 week edged up to $2.869 trillion.

Reserve Bank credit for the April 11 week increased $1.0 billion, following a drop of $29.5 billion the prior period.

Note: Total assets in the Fed's H.4.1 report are Wednesday levels while Reserve Bank credit is an average of daily figures for the week ending on the same Wednesday. Changes in total assets are from Wednesday to Wednesday while changes in Reserve Bank credit are for weekly averages.

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
 
[Chart]
The Fed began using its balance sheet to expand liquidity starting in late 2008. Quantitative easing QE1 started in late 2008 and QE2 began in late 2010 and ended in June 2011. However, the level of the Fed's assets (reflecting available liquidity) remains quite elevated.
Data Source: Haver Analytics
 
 

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