2018 Economic Calendar
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Fed Balance Sheet  
Released On 8/30/2018 4:30:00 PM For wk8/29, 2018
Level$4.229 T$4.219 T
Total Assets - Weekly Change$-0.1 B$-9.9 B
Reserve Bank credit - Weekly Change$-27.2 B$-4.2 B

The Federal Reserve's assets totaled $4.219 trillion in the August 29 week, down $9.9 billion from the prior week and down $241.5 billion from the beginning of balance sheet unwinding in October 2017.

Treasury holdings were $2.325 trillion in the August 29 week, up $0.1 billion from the prior week and down $140.9 billion since October. Treasuries are scheduled to decline to $2.309 trillion by month end.

Though the unwinding of mortgage-backed securities is significantly behind schedule, MBS holdings did decline $9.7 billion on the week to $1.697 trillion for a $71.2 billion decrease since October. MBS were scheduled to decline to $1.680 trillion at the end of July with $1.664 trillion the target for the end of August. 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 draining reserves in the week were MBS.

Reserve Bank credit for the August 29 week decreased $4.2 billion after decreasing $27.2 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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