The Fed’s Balance Sheet Reduction (QT) Update 

The Fed’s Balance Sheet Reduction (QT) Update 

The Fed modestly decreased its Treasury and mortgage-backed holdings during the week-ended Wednesday March 22nd. The Fed’s Treasury position hardly moved. We will publish a separate article that reflects the Fed’s bail out facility – the Bank Term Funding Program (BTFP).

  • Treasuries: The Fed’s Treasury security holdings decreased by $812 million over the last week and decreased by $37.7 billion on a rolling 4-week total basis.
  • Agencies: The Fed’s Government Agency security holdings decreased by $3.5 billion over the last week and decreased by $15.0 billion 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.