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Balance Sheet: Assets Dip On Net MBS Fall

FED

The Fed's net MBS holdings fell sharply in the week to Apr 28, by $55.7bn to $2.19trn, while Tsys rose by a net $14.5bn to $5.01trn, Federal Reserve balance sheet data released Thursday showed. Total assets fell by $40bn to $7.78trn, largely a result of the MBS holdings drop.

  • None of these figures is unusual: net MBS holdings tend to fluctuate depending on varying principal payments and reinvestments. We know that, per the NY Fed, the SOMA desk will buy $131.5bn of Agency MBS over the Apr 14-May 13 period, incl $40bn to increase SOMA holdings, and $91.5bn in reinvestments.



Federal Reserve, MNI



AssetsTotal AssetsMBSTIPSTreasury Bonds/NotesOther
Last Week's Net Change (USDbn)-39.99-55.682.4014.4613.30
4-Week Net Change (USD bn)72.086.62-2.1455.7311.87
Total Holdings (USD bn)7780.962191.31332.625014.76239.93

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