Two notes up front:
1) Because the cut-off for this report is August 31 it does not reflect the increased limits on Treasuries, from $30 billion to $60 billion per month and MBS's from $17.5 billion to $35 billion per month. Both targets kicked in on September 1.
2) Because the Fed has great flexibility on when settlement occurs and when to realize MBS roll-offs (one of the reasons we waited three weeks from the June 1 start date to begin publicly tracking) we don't know when the MBS decline actually happened, important in tracking liquidity in the system. (and also the reason the decline is larger than the $17.5 billion limit)
From The Federal Reserve Board's H.4.1 report, the front-page highlights of the two largest line items:
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
|
Reserve Bank credit, related items, and |
Averages of daily figures |
Wednesday |
||
|
Week ended |
Change from week ended |
|||
|
Aug 24, 2022 |
Sep 1, 2021 |
|||
|
Reserve Bank credit |
8,796,925 |
- 21,632 |
+ 489,886 |
8,789,846 |
|
Securities held outright1 |
8,412,150 |
- 19,775 |
+ 611,369 |
8,406,632 |
|
U.S. Treasury securities |
5,700,535 |
+ 441 |
+ 340,168 |
5,694,997 |
|
Bills2 |
326,044 |
0 |
0 |
326,044 |
|
Notes and bonds, nominal2 |
4,900,097 |
- 1,170 |
+ 283,252 |
4,893,074 |
|
Notes and bonds, inflation-indexed2 |
374,868 |
+ 149 |
+ 18,893 |
375,761 |
|
Inflation compensation3 |
99,527 |
+ 1,463 |
+ 38,024 |
100,118 |
|
Federal agency debt securities2 |
2,347 |
0 |
0 |
2,347 |
|
Mortgage-backed securities4 |
2,709,268 |
- 20,216 |
+ 271,201 |
2,709,288 |
....MUCH MORE
And from the Federal Reserve Bank of St. Louis' FRED database the total assets on the balance sheet including many smaller line items that aren't part of QT but do move the weekly totals around (we saw two weeks ago that fully half of that week's total decline was a decrease in interest due the Fed and other receivables) in graph form:
