2012 Economic Calendar
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Fed Balance Sheet  
Released On 11/29/2012 4:30:00 PM For wk11/28, 2012
PriorActual
Total Assets - Weekly Change$-6.1 B$-19.8 B
Reserve Bank credit - Weekly Change$20.0 B$1.8 B

Highlights
For the November 28 week, total assets declined $19.8 billion, following a $6.1 billion drop the prior week. The decrease was due to a $17.0 billion fall in mortgage-backed securities. Treasuries declined $3.8 billion. "Other assets" (largely those denominated in foreign currencies) rose $1.1 billion. Total assets for the November 28 week stood at $2.853 trillion.

Reserve Bank credit for the November 28 week dropped $19.8 billion after rising $20.0 billion the prior week.

Definition
The Fed's balance sheet is a weekly report presenting a consolidated balance sheet for all 12 Reserve Banks that lists factors supplying reserves into the banking system and factors absorbing reserves from the system. The report is officially named Factors Affecting Reserve Balances, otherwise known as the "H.4.1" report.

In September 2017, the Fed announced a program to reduce its balance sheet by the gradual reduction of both its Treasury and mortgage-backed security holdings. The monthly reductions, executed by reinvesting a decreasing amount of maturing securities, began in October 2017 and will gradually increase in size before hitting a plateau in October 2018 where they will hold until the FOMC judges that the Fed is holding no more securities than necessary. Under the schedule for 2018, the Fed's Treasury holdings will be reduced by $270 billion while holdings of mortgage-backed securities will be reduced by $180 billion.  Why Investors Care
 
[Chart]
The Fed began using its balance sheet to expand liquidity starting in late 2008. Quantitative easing QE1 started in late 2008 and QE2 began in late 2010 and ended in June 2011. However, the level of the Fed's assets (reflecting available liquidity) remains quite elevated.
Data Source: Haver Analytics
 

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