The Fed’s Balance Sheet Reduction (QT) Update

The Fed modestly culled its Balance Sheet for the week-ended February 19th. The Fed reduced its Treasury position by $15 billion and increased it mortgage position by $13 million (essentially unchanged on the mortgage side).

• Treasuries: The Fed’s Treasury holdings declined by $14.8 billion for the week-ended February 19th. The Fed’s Treasury holdings declined by $23.4 billion on a rolling 4-week basis.

• Agencies: The Fed’s Government Agency security holdings increased by $12.8 million for the week-ended February 19th. The Fed’s Government Agency holdings declined by $12.3 billion on a rolling 4-week basis.

• The Fed’s balance sheet holdings: https://www.newyorkfed.org/markets/soma-holdings

Source: TEK2day; Federal Reserve

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