The Fed’s Balance Sheet Reduction (QT) Update
The Fed took the week off from QT. The Fed has eased monetary policy and never really got tough on controlling money supply expansion.
Treasuries: The Fed’s Treasury security holdings were unchanged for the week ending July 24th. The Fed’s Treasury holdings declined by $28.1 billion on a rolling 4-week basis.
Agencies: The Fed’s Government Agency security holdings declined by $3.7 million for the week-ended July 24th and declined by $3.8 billion on a rolling 4-week basis.
The Fed’s balance sheet holdings: https://www.newyorkfed.org/markets/soma-holdings
Excel file: Our Excel file detailing the Fed’s holdings of Treasury and Agency securities: HERE.
