The Fed reduced its Treasury and Government Agency security holdings by $42.1 billion over the week-ended November 16th as it allows balance sheet holdings to mature. The Fed has reduced its balance sheet holdings by $99.2 billion over the last 4 weeks as it tightens monetary policy by shrinking the money supply (QT) and raising its Fed Funds Rate.

• Fed Balance Sheet – Treasuries: The Fed’s Treasury security holdings were $40.4 billion lower over the past week and $77.4 billion lower on a rolling 4-week total basis.
• Fed Balance Sheet – Agencies: The Fed’s Government Agency security holdings were $1.6 billion lower over the past week and $21.8 billion lower on a rolling 4-week total 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.

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