2012 Economic Calendar
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Fed Balance Sheet  
Released On 3/1/2012 4:30:00 PM For wk2/29, 2012
Total Assets - Weekly Change$-5.1 B$-7.1 B
Reserve Bank credit - Weekly Change$-0.7 B$-9.2 B

Apparently, Operation Twist is not entirely smooth every week as mortgage-backed securities fell faster than gains in Treasury holdings. For the February 29 week, the Fed's balance sheet fell $7.1 billion after declining $5.1 billion the week before. The decline was led by a $12.3 billion decrease in mortgage-backed securities. Holdings of Treasuries were partially offsetting, gaining $4.9 billion.

Total assets for the February 29 week decreased to $2.928 trillion.

Reserve Bank credit for the February 29 week declined $9.2 billion after shrinking $0.7 billion the prior period.

Note: Total assets in the Fed's H.4.1 report are Wednesday levels while Reserve Bank credit is an average of daily figures for the week ending on the same Wednesday. Changes in total assets are from Wednesday to Wednesday while changes in Reserve Bank credit are for weekly averages.

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

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