Federal Reserve Weekly SOMA Update
Looking at our Fed Balance sheet tracker since the beginning of April 2025, one gets the impression that the Fed is working to crush the housing bubble it created in 2020 and 2021, having culled its balance sheet of mortgage securities at a much faster pace than it has trimmed Treasuries.
Treasuries: The Fed’s Treasury holdings were unchanged for the week-ended May 28th. The Fed’s Treasury holdings decreased by $2.9 billion on a rolling 4-week basis.
Agencies: The Fed’s Government Agency security holdings decreased by $13.1 billion for the week-ended May 28th. The Fed’s Government Agency holdings decreased by $16.8 billion on a rolling 4-week basis.
The Fed’s balance sheet holdings: https://www.newyorkfed.org/markets/soma-holdings
Our Excel spreadsheet that tracks the Fed’s weekly SOMA activity since 2022 may be accessed below the paywall.
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Source: TEK2day; Federal Reserve data
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