The Fed’s Balance Sheet Reduction (QT) Update
The Fed’s SOMA holdings were unchanged the week ended February 7th. Zero QT activity while the Fed’s BTFP bailout is still in effect. That is a net QE or net monetary easing position by the Fed.
Treasuries: The Fed’s Treasury security holdings were unchanged for the week-ended February 7th and declined by $56.5 billion on a rolling 4-week basis.
Agencies: The Fed’s Government Agency security holdings were unchanged and declined by $14.6 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.
