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Line 1: |
Line 1: |
| ''See also: [[Macroeconomics]]'' | | ''See also: [[Macroeconomics]]'' |
| | |
| | Forum: [https://forum.investmentwiki.org/t/fed-monetary-policy/41 FED Monetary Policy] |
|
| |
|
| ''[https://forum.investmentwiki.org/t/dollar-liquidity-during-quantitative-tightening-and-record-debt-levels/15 Discussion:Dollar liquidity during quantitative tightening and record debt levels]'' | | ''[https://forum.investmentwiki.org/t/dollar-liquidity-during-quantitative-tightening-and-record-debt-levels/15 Discussion:Dollar liquidity during quantitative tightening and record debt levels]'' |
Line 7: |
Line 9: |
| {| class="wikitable" | | {| class="wikitable" |
| ! rowspan="2" |Date<ref>https://fred.stlouisfed.org/series/WALCL</ref><ref>https://www.federalreserve.gov/releases/h41/</ref> | | ! rowspan="2" |Date<ref>https://fred.stlouisfed.org/series/WALCL</ref><ref>https://www.federalreserve.gov/releases/h41/</ref> |
| ! colspan="5" |Assets | | ! colspan="4" |Total Assets |
| | ! colspan="4" |Treasuries |
| | ! colspan="4" |MBS |
| |- | | |- |
| !Millions of U.S. Dollars NSA | | !Millions |
| | !M/M Millions |
| | !M/M % |
| | !Y/Y % |
| | !Millions |
| | !M/M Millions |
| | !M/M % |
| | !Y/Y % |
| | !Millions |
| | !M/M Millions |
| !M/M % | | !M/M % |
| !Y/Y % | | !Y/Y % |
| !M/M Millions of U.S. Dollars NSA
| | |- |
| !Y/Y Millions of U.S. Dollars NSA
| | |2024-07-01 |
| | |7,178,391 |
| | | -52,772 |
| | | -0.73 |
| | | -12.92 |
| | |4,413,615 |
| | | -39,956 |
| | | -0.90 |
| | | -13.13 |
| | |2,318,190 |
| | | -17,807 |
| | | -0.76 |
| | | -7.92 |
| | |- |
| | |2024-06-01 |
| | |7,231,163 |
| | | -53,156 |
| | | -0.73 |
| | | -13.30 |
| | |4,453,571 |
| | | -35,873 |
| | | -0.80 |
| | | -13.44 |
| | |2,335,997 |
| | | -18,645 |
| | | -0.79 |
| | | -7.96 |
| | |- |
| | |2024-05-01 |
| | |7,284,319 |
| | | -118,115 |
| | | -1.60 |
| | | -13.14 |
| | |4,489,444 |
| | | -50,355 |
| | | -1.11 |
| | | -13.07 |
| | |2,354,642 |
| | | -30,078 |
| | | -1.26 |
| | | -7.96 |
| |- | | |- |
| |2024-04-01 | | |2024-04-01 |
| |7,402,434 | | |7,402,434 |
| | -1.10 | | | -82,305 |
| | -13.55 | | | -1.10 |
| | -82,305 | | | -13.55 |
| | -1,160,334 | | |4,539,799 |
| | | -78,283 |
| | | -1.70 |
| | | -13.79 |
| | |2,384,720 |
| | | -3,715 |
| | | -0.16 |
| | | -7.42 |
| |- | | |- |
| |2024-03-01 | | |2024-03-01 |
| |7,484,739 | | |7,484,739 |
| | -1.10 | | | -83,068 |
| | -14.03 | | | -1.10 |
| | -83,068 | | | -14.03 |
| | -1,221,203 | | |4,618,082 |
| | | -43,175 |
| | | -0.93 |
| | | -13.35 |
| | |2,388,435 |
| | | -14,800 |
| | | -0.62 |
| | | -7.94 |
| |- | | |- |
| |2024-02-01 | | |2024-02-01 |
| |7,567,807 | | |7,567,807 |
| | -0.82 | | | -62,317 |
| | -9.72 | | | -0.82 |
| | -62,317 | | | -9.72 |
| | -814,383 | | |4,661,257 |
| | | -31,464 |
| | | -0.67 |
| | | -13.11 |
| | |2,403,235 |
| | | -13,921 |
| | | -0.58 |
| | | -8.28 |
| |- | | |- |
| |2024-01-01 | | |2024-01-01 |
| |7,630,124 | | |7,630,124 |
| | -1.07 | | | -82,657 |
| | -9.92 | | | -1.07 |
| | -82,657 | | | -9.92 |
| | -840,433 | | |4,692,721 |
| | | -97,826 |
| | | -2.04 |
| | | -13.67 |
| | |2,417,156 |
| | | -14,617 |
| | | -0.60 |
| | | -7.91 |
| |- | | |- |
| |2023-12-01 | | |2023-12-01 |
| |7,712,781 | | |7,712,781 |
| | | -83,364 |
| | -1.07 | | | -1.07 |
| | -9.80 | | | -9.80 |
| | -83,364 | | |4,790,547 |
| | -838,388 | | | -52,627 |
| | | -1.09 |
| | | -12.91 |
| | |2,431,773 |
| | | -15,262 |
| | | -0.62 |
| | | -7.94 |
| |- | | |- |
| |2023-11-01 | | |2023-11-01 |
| |7,796,145 | | |7,796,145 |
| | | -111,685 |
| | -1.41 | | | -1.41 |
| | -9.18 | | | -9.18 |
| | -111,685 | | |4,843,174 |
| | -788,431 | | | -69,026 |
| | | -1.41 |
| | | -12.20 |
| | |2,447,035 |
| | | -15,872 |
| | | -0.64 |
| | | -7.96 |
| |- | | |- |
| |2023-10-01 | | |2023-10-01 |
| |7,907,830 | | |7,907,830 |
| | | -94,234 |
| | -1.18 | | | -1.18 |
| | -9.35 | | | -9.35 |
| | -94,234 | | |4,912,200 |
| | -815,260 | | | -45,938 |
| | | -0.93 |
| | | -12.42 |
| | |2,462,907 |
| | | -16,819 |
| | | -0.68 |
| | | -8.05 |
| |- | | |- |
| |2023-09-01 | | |2023-09-01 |
| |8,002,064 | | |8,002,064 |
| | | -119,252 |
| | -1.47 | | | -1.47 |
| | -9.02 | | | -9.02 |
| | -119,252 | | |4,958,138 |
| | -793,503 | | | -48,701 |
| | | -0.97 |
| | | -12.58 |
| | |2,479,726 |
| | | -19,144 |
| | | -0.77 |
| | | -8.10 |
| |- | | |- |
| |2023-08-01 | | |2023-08-01 |
| |8,121,316 | | |8,121,316 |
| | | -122,028 |
| | -1.48 | | | -1.48 |
| | -7.99 | | | -7.99 |
| | -122,028 | | |5,006,839 |
| | -704,777 | | | -74,142 |
| | | -1.46 |
| | | -12.08 |
| | |2,498,870 |
| | | -18,689 |
| | | -0.74 |
| | | -7.77 |
| |- | | |- |
| |2023-07-01 | | |2023-07-01 |
| |8,243,344 | | |8,243,344 |
| | | -97,570 |
| | -1.17 | | | -1.17 |
| | -7.27 | | | -7.27 |
| | -97,570 | | |5,080,981 |
| | -646,660 | | | -64,099 |
| | | -1.25 |
| | | -11.39 |
| | |2,517,559 |
| | | -20,579 |
| | | -0.81 |
| | | -7.35 |
| |- | | |- |
| |2023-06-01 | | |2023-06-01 |
| |8,340,914 | | |8,340,914 |
| | | -44,940 |
| | -0.54 | | | -0.54 |
| | -6.42 | | | -6.42 |
| | -44,940 | | |5,145,080 |
| | -572,639 | | | -19,157 |
| | | -0.37 |
| | | -10.74 |
| | |2,538,138 |
| | | -20,098 |
| | | -0.79 |
| | | -6.32 |
| |- | | |- |
| |2023-05-01 | | |2023-05-01 |
| |8,385,854 | | |8,385,854 |
| | | -176,914 |
| | -2.07 | | | -2.07 |
| | -5.93 | | | -5.93 |
| | -176,914 | | |5,164,237 |
| | -528,427 | | | -101,491 |
| | | -1.93 |
| | | -10.49 |
| | |2,558,236 |
| | | -17,540 |
| | | -0.68 |
| | | -5.51 |
| |- | | |- |
| |2023-04-01 | | |2023-04-01 |
| |8,562,768 | | |8,562,768 |
| | | -143,174 |
| | -1.64 | | | -1.64 |
| | -4.21 | | | -4.21 |
| | -143,174 | | |5,265,728 |
| | -376,431 | | | -63,575 |
| | | -1.19 |
| | | -8.64 |
| | |2,575,776 |
| | | -18,704 |
| | | -0.72 |
| | | -5.13 |
| |- | | |- |
| |2023-03-01 | | |2023-03-01 |
| |8,705,942 | | |8,705,942 |
| | |323,752 |
| |3.86 | | |3.86 |
| | -2.59 | | | -2.59 |
| |323,752 | | |5,329,303 |
| | -231,200 | | | -34,988 |
| | | -0.65 |
| | | -7.48 |
| | |2,594,480 |
| | | -25,768 |
| | | -0.98 |
| | | -4.45 |
| |- | | |- |
| |2023-02-01 | | |2023-02-01 |
| |8,382,190 | | |8,382,190 |
| | | -88,367 |
| | -1.04 | | | -1.04 |
| | -6.11 | | | -6.11 |
| | -88,367 | | |5,364,291 |
| | -545,939 | | | -71,291 |
| | | -1.31 |
| | | -6.57 |
| | |2,620,248 |
| | | -4,487 |
| | | -0.17 |
| | | -3.59 |
| |- | | |- |
| |2023-01-01 | | |2023-01-01 |
| |8,470,557 | | |8,470,557 |
| | | -80,612 |
| | -0.94 | | | -0.94 |
| | -4.40 | | | -4.40 |
| | -80,612 | | |5,435,582 |
| | -389,928 | | | -65,252 |
| | | -1.19 |
| | | -4.91 |
| | |2,624,735 |
| | | -16,667 |
| | | -0.63 |
| | | -1.36 |
| |- | | |- |
| |2022-12-01 | | |2022-12-01 |
| |8,551,169 | | |8,551,169 |
| | | -33,407 |
| | -0.39 | | | -0.39 |
| | -2.36 | | | -2.36 |
| | -33,407 | | |5,500,834 |
| | -206,291 | | | -15,150 |
| | | -0.27 |
| | | -2.68 |
| | |2,641,402 |
| | | -17,354 |
| | | -0.65 |
| | |0.99 |
| |- | | |- |
| |2022-11-01 | | |2022-11-01 |
| |8,584,576 | | |8,584,576 |
| | | -138,514 |
| | -1.59 | | | -1.59 |
| | -1.12 | | | -1.12 |
| | -138,514 | | |5,515,984 |
| | -97,195 | | | -92,754 |
| | | -1.65 |
| | | -1.13 |
| | |2,658,756 |
| | | -19,763 |
| | | -0.74 |
| | |1.88 |
| |- | | |- |
| |2022-10-01 | | |2022-10-01 |
| |8,723,090 | | |8,723,090 |
| | | -72,477 |
| | -0.82 | | | -0.82 |
| |1.95 | | |1.95 |
| | -72,477 | | |5,608,738 |
| |166,909 | | | -63,110 |
| | | -1.11 |
| | |1.73 |
| | |2,678,519 |
| | | -19,639 |
| | | -0.73 |
| | |5.96 |
| |- | | |- |
| |2022-09-01 | | |2022-09-01 |
| |8,795,567 | | |8,795,567 |
| | | -30,526 |
| | -0.35 | | | -0.35 |
| |4.11 | | |4.11 |
| | -30,526 | | |5,671,848 |
| |347,586 | | | -23,149 |
| | | -0.41 |
| | |4.43 |
| | |2,698,158 |
| | | -11,130 |
| | | -0.41 |
| | |8.16 |
| |- | | |- |
| |2022-08-01 | | |2022-08-01 |
| |8,826,093 | | |8,826,093 |
| | | -63,911 |
| | -0.72 | | | -0.72 |
| |5.92 | | |5.92 |
| | -63,911 | | |5,694,997 |
| |493,350 | | | -39,183 |
| | | -0.68 |
| | |6.52 |
| | |2,709,288 |
| | | -8,091 |
| | | -0.30 |
| | |11.12 |
| |- | | |- |
| |2022-07-01 | | |2022-07-01 |
| |8,890,004 | | |8,890,004 |
| | | -23,549 |
| | -0.26 | | | -0.26 |
| |8.13 | | |8.13 |
| | -23,549 | | |5,734,180 |
| |668,531 | | | -29,753 |
| | | -0.52 |
| | |8.94 |
| | |2,717,379 |
| | |8,051 |
| | |0.30 |
| | |13.95 |
| |- | | |- |
| |2022-06-01 | | |2022-06-01 |
| |8,913,553 | | |8,913,553 |
| | | -728 |
| | -0.01 | | | -0.01 |
| |10.34 | | |10.34 |
| | -728 | | |5,763,933 |
| |835,009 | | | -5,484 |
| | | -0.10 |
| | |11.20 |
| | |2,709,328 |
| | |1,882 |
| | |0.07 |
| | |16.80 |
| |- | | |- |
| |2022-05-01 | | |2022-05-01 |
| |8,914,281 | | |8,914,281 |
| | | -24,918 |
| | -0.28 | | | -0.28 |
| |12.79 | | |12.79 |
| | -24,918 | | |5,769,417 |
| |1,010,740 | | |5,404 |
| | |0.09 |
| | |13.41 |
| | |2,707,446 |
| | | -7,566 |
| | | -0.28 |
| | |20.64 |
| |- | | |- |
| |2022-04-01 | | |2022-04-01 |
| |8,939,199 | | |8,939,199 |
| | |2,057 |
| |0.02 | | |0.02 |
| |14.89 | | |14.89 |
| |2,057 | | |5,764,013 |
| |1,158,237 | | |3,983 |
| | |0.07 |
| | |14.94 |
| | |2,715,012 |
| | | -238 |
| | | -0.01 |
| | |23.90 |
| |- | | |- |
| |2022-03-01 | | |2022-03-01 |
| |8,937,142 | | |8,937,142 |
| | |9,013 |
| |0.10 | | |0.10 |
| |16.23 | | |16.23 |
| |9,013 | | |5,760,030 |
| |1,248,154 | | |18,252 |
| | |0.32 |
| | |16.55 |
| | |2,715,250 |
| | | -2,617 |
| | | -0.10 |
| | |24.29 |
| |- | | |- |
| |2022-02-01 | | |2022-02-01 |
| |8,928,129 | | |8,928,129 |
| | |67,644 |
| |0.76 | | |0.76 |
| |17.63 | | |17.63 |
| |67,644 | | |5,741,778 |
| |1,338,018 | | |25,561 |
| | |0.45 |
| | |18.52 |
| | |2,717,867 |
| | |57,047 |
| | |2.14 |
| | |24.63 |
| |- | | |- |
| |2022-01-01 | | |2022-01-01 |
| |8,860,485 | | |8,860,485 |
| | |103,025 |
| |1.18 | | |1.18 |
| |19.66 | | |19.66 |
| |103,025 | | |5,716,217 |
| |1,455,559 | | |63,945 |
| | |1.13 |
| | |19.93 |
| | |2,660,820 |
| | |45,328 |
| | |1.73 |
| | |28.56 |
| |- | | |- |
| |2021-12-01 | | |2021-12-01 |
| |8,757,460 | | |8,757,460 |
| | |75,689 |
| |0.87 | | |0.87 |
| |18.93 | | |18.93 |
| |75,689 | | |5,652,272 |
| |1,394,109 | | |73,372 |
| | |1.32 |
| | |20.55 |
| | |2,615,492 |
| | |5,766 |
| | |0.22 |
| | |28.24 |
| |- | | |- |
| |2021-11-01 | | |2021-11-01 |
| |8,681,771 | | |8,681,771 |
| | |125,590 |
| |1.47 | | |1.47 |
| |20.30 | | |20.30 |
| |125,590 | | |5,578,900 |
| |1,465,291 | | |65,571 |
| | |1.19 |
| | |21.11 |
| | |2,609,726 |
| | |81,949 |
| | |3.24 |
| | |30.25 |
| |- | | |- |
| |2021-10-01 | | |2021-10-01 |
| |8,556,181 | | |8,556,181 |
| | |108,200 |
| |1.28 | | |1.28 |
| |19.73 | | |19.73 |
| |108,200 | | |5,513,329 |
| |1,409,875 | | |82,273 |
| | |1.51 |
| | |21.78 |
| | |2,527,777 |
| | |33,093 |
| | |1.33 |
| | |26.37 |
| |- | | |- |
| |2021-09-01 | | |2021-09-01 |
| |8,447,981 | | |8,447,981 |
| | |115,238 |
| |1.38 | | |1.38 |
| |19.73 | | |19.73 |
| |115,238 | | |5,431,056 |
| |1,391,852 | | |84,684 |
| | |1.58 |
| | |22.17 |
| | |2,494,684 |
| | |56,617 |
| | |2.32 |
| | |25.82 |
| |- | | |- |
| |2021-08-01 | | |2021-08-01 |
| |8,332,743 | | |8,332,743 |
| | |111,270 |
| |1.35 | | |1.35 |
| |19.20 | | |19.20 |
| |111,270 | | |5,346,372 |
| |1,342,325 | | |82,632 |
| | |1.57 |
| | |22.66 |
| | |2,438,067 |
| | |53,288 |
| | |2.23 |
| | |25.08 |
| |- | | |- |
| |2021-07-01 | | |2021-07-01 |
| |8,221,473 | | |8,221,473 |
| | |142,929 |
| |1.77 | | |1.77 |
| |18.31 | | |18.31 |
| |142,929 | | |5,263,740 |
| |1,272,441 | | |80,355 |
| | |1.55 |
| | |22.60 |
| | |2,384,779 |
| | |65,142 |
| | |2.81 |
| | |23.35 |
| |- | | |- |
| |2021-06-01 | | |2021-06-01 |
| |8,078,544 | | |8,078,544 |
| | |175,003 |
| |2.21 | | |2.21 |
| |14.07 | | |14.07 |
| |175,003 | | |5,183,385 |
| |996,242 | | |96,228 |
| | |1.89 |
| | |23.49 |
| | |2,319,637 |
| | |75,372 |
| | |3.36 |
| | |19.36 |
| |- | | |- |
| |2021-05-01 | | |2021-05-01 |
| |7,903,541 | | |7,903,541 |
| | |122,579 |
| |1.58 | | |1.58 |
| |11.36 | | |11.36 |
| |122,579 | | |5,087,157 |
| |806,225 | | |72,395 |
| | |1.44 |
| | |23.79 |
| | |2,244,265 |
| | |52,960 |
| | |2.42 |
| | |22.30 |
| |- | | |- |
| |2021-04-01 | | |2021-04-01 |
| |7,780,962 | | |7,780,962 |
| | |91,974 |
| |1.20 | | |1.20 |
| |16.90 | | |16.90 |
| |91,974 | | |5,014,762 |
| |1,125,033 | | |72,485 |
| | |1.47 |
| | |26.27 |
| | |2,191,305 |
| | |6,622 |
| | |0.30 |
| | |36.55 |
| |- | | |- |
| |2021-03-01 | | |2021-03-01 |
| |7,688,988 | | |7,688,988 |
| | |98,877 |
| |1.30 | | |1.30 |
| |46.34 | | |46.34 |
| |98,877 | | |4,942,277 |
| |2,434,710 | | |97,703 |
| | |2.02 |
| | |65.94 |
| | |2,184,683 |
| | |4,005 |
| | |0.18 |
| | |57.79 |
| |- | | |- |
| |2021-02-01 | | |2021-02-01 |
| |7,590,111 | | |7,590,111 |
| | |185,185 |
| |2.50 | | |2.50 |
| |82.51 | | |82.51 |
| |185,185 | | |4,844,574 |
| |3,431,474 | | |78,467 |
| | |1.65 |
| | |95.81 |
| | |2,180,678 |
| | |110,909 |
| | |5.36 |
| | |58.96 |
| |- | | |- |
| |2021-01-01 | | |2021-01-01 |
| |7,404,926 | | |7,404,926 |
| | |41,575 |
| |0.56 | | |0.56 |
| |78.36 | | |78.36 |
| |41,575
| |
| |3,253,296
| |
| |}
| |
|
| |
| ==== February 2023 ====
| |
| *As of Fabruary 17, 2023 the balance stands at $8.384 Trillions, it has declined $581 B from $8.965 Trillion in April 2022. Still a small 6.48% decline. <ref name=":0">https://www.federalreserve.gov/releases/h41/current/h41.htm</ref><ref name=":1">https://fred.stlouisfed.org/series/WALCL</ref>
| |
| *QT is expected to continue in the coming months, with no pause expected, contrary to rate hikes. With a reduction of $60 B per month in treasuries and $35 in MBS. However, the FED has already been behind schedule, treasuries are running 8% ($33B) behind schedule, and MBSs 59% ($120B) behind schedule. <ref>https://twitter.com/DiMartinoBooth/status/1626365171688955904</ref>
| |
|
| |
| ==== March 2023 ====
| |
| After the banking developments the FED balansheet increase again, eliminating almost 2/3 of the previous decline. However is important to point out, that the liquidity given by the FED was for emergency loans, and no for assest purchases as traditional QE.
| |
|
| |
| * As of April 4, 2023 the balance stands at $8,705 trillions. The decline for the peak is now only $250 billion. <ref name=":0" /><ref name=":1" />
| |
|
| |
| * Emergency Loan has increased to over $300 billion at the end of march, from almost zero at the beginning.
| |
|
| |
| ==== April 2023 ====
| |
| Total assets dropped by $59 billion in the week of May 4, and by $230 billion in the six weeks since peak bank bailout, to $8.50 trillion. <ref>https://www.federalreserve.gov/releases/h41/20230504/</ref>
| |
|
| |
| * Treasury notes and bonds: -$49 billion for the week, -$549 billion from the peak in June 2022, to $5.22 trillion. In all of April, $58 billion in Treasury securities rolled off, just under the cap of $60 billion.
| |
| * MBS: no change for the week, -$19 billion in April, -$164 billion from peak, to $2.58 trillion.
| |
|
| |
| * Discount Window (“Primary Credit”): -$68 billion in the week, to just $5 billion. First Republic’s borrowings at the Discount Window and at the BTFP were paid off after the FDIC resolved First Republic over the weekend <ref>https://wolfstreet.com/2023/05/04/feds-balance-sheet-plunges-by-230-billion-in-6-weeks-biggest-such-plunge-in-14-years/</ref>
| |
| * Bank Term Funding Program (BTFP): -$6 billion in the week to $76 billion.
| |
| * Repos with “foreign official” counterparties: paid off in the prior week. This was likely the program that the Swiss National Bank used to provide dollar-liquidity support for the take-under of Credit Suisse by UBS.
| |
|
| |
| ==== May 2023 ====
| |
| Total assets held by the Fed dropped by $50 billion in the week of June 2, to $8.38 trillion, down by $118 billion for the month and by $348 billion in the 10 weeks since peak-bank-crisis.<ref>https://www.federalreserve.gov/releases/h41/20230601/</ref> The Fed balance sheet is now agaon at the level it was before the banking crisis started.
| |
|
| |
| From the historic peak of the balance sheet in April 2022, total assets have dropped by $580 billion. <ref>https://wolfstreet.com/2023/06/01/feds-balance-sheet-plunged-by-348-billion-in-the-10-weeks-since-peak-bank-crisis-and-by-580-billion-since-qt-started/</ref>
| |
|
| |
| * Treasury notes and bonds: -$58 billion for the month, -$607 billion from the peak in June 2022, to $5.16 trillion.
| |
| * MBS: -$17 billion for the month, -$182 billion from peak, to $2.56 trillion
| |
|
| |
| * Discount Window: nearly paid off, down to $4 billion.
| |
| * Bank Term Funding Program (BTFP): ended may at $94 billion.
| |
| * Loans to FDIC: -$40 billion for the month to $188 billion.
| |
|
| |
| == U.S. Treasury securities ==
| |
| [[File:Screenshot 2023-09-18 130240.png|center|thumb|830x830px|https://fred.stlouisfed.org/series/TREAST#0]]
| |
| {| class="wikitable"
| |
| ! rowspan="2" |Date<ref>https://fred.stlouisfed.org/series/TREAST#0</ref>
| |
| End Of Period
| |
| ! colspan="5" |U.S. Treasury Securities
| |
| |-
| |
| !Millions of U.S. Dollars NSA
| |
| !M/M %
| |
| !Y/Y %
| |
| !M/M Millions of U.S. Dollars NSA
| |
| !Y/Y Millions of U.S. Dollars NSA
| |
| |-
| |
| |2024-04-01
| |
| |4,539,799
| |
| | -1.70
| |
| | -13.79
| |
| | -78,283
| |
| | -725,929
| |
| |-
| |
| |2024-03-01
| |
| |4,618,082
| |
| | -0.93
| |
| | -13.35
| |
| | -43,175
| |
| | -711,221
| |
| |-
| |
| |2024-02-01
| |
| |4,661,257
| |
| | -0.67
| |
| | -13.11
| |
| | -31,464
| |
| | -703,034
| |
| |-
| |
| |2024-01-01
| |
| |4,692,721
| |
| | -2.04
| |
| | -13.67
| |
| | -97,826
| |
| | -742,861
| |
| |-
| |
| |2023-12-01
| |
| |4,790,547
| |
| | -1.09
| |
| | -12.91
| |
| | -52,627
| |
| | -710,287
| |
| |-
| |
| |2023-11-01
| |
| |4,843,174
| |
| | -1.41
| |
| | -12.20
| |
| | -69,026
| |
| | -672,810
| |
| |-
| |
| |2023-10-01
| |
| |4,912,200
| |
| | -0.93
| |
| | -12.42
| |
| | -45,938
| |
| | -696,538
| |
| |-
| |
| |2023-09-01
| |
| |4,958,138
| |
| | -0.97
| |
| | -12.58
| |
| | -48,701
| |
| | -713,710
| |
| |-
| |
| |2023-08-01
| |
| |5,006,839
| |
| | -1.46
| |
| | -12.08
| |
| | -74,142
| |
| | -688,158
| |
| |-
| |
| |2023-07-01
| |
| |5,080,981
| |
| | -1.25
| |
| | -11.39
| |
| | -64,099
| |
| | -653,199
| |
| |-
| |
| |2023-06-01
| |
| |5,145,080
| |
| | -0.37
| |
| | -10.74
| |
| | -19,157
| |
| | -618,853
| |
| |-
| |
| |2023-05-01
| |
| |5,164,237
| |
| | -1.93
| |
| | -10.49
| |
| | -101,491
| |
| | -605,180
| |
| |-
| |
| |2023-04-01
| |
| |5,265,728
| |
| | -1.19
| |
| | -8.64
| |
| | -63,575
| |
| | -498,285
| |
| |-
| |
| |2023-03-01
| |
| |5,329,303
| |
| | -0.65
| |
| | -7.48
| |
| | -34,988
| |
| | -430,727
| |
| |-
| |
| |2023-02-01
| |
| |5,364,291
| |
| | -1.31
| |
| | -6.57
| |
| | -71,291
| |
| | -377,487
| |
| |-
| |
| |2023-01-01
| |
| |5,435,582
| |
| | -1.19
| |
| | -4.91
| |
| | -65,252
| |
| | -280,635
| |
| |-
| |
| |2022-12-01
| |
| |5,500,834
| |
| | -0.27
| |
| | -2.68
| |
| | -15,150
| |
| | -151,438
| |
| |-
| |
| |2022-11-01
| |
| |5,515,984
| |
| | -1.65
| |
| | -1.13
| |
| | -92,754
| |
| | -62,916
| |
| |-
| |
| |2022-10-01
| |
| |5,608,738
| |
| | -1.11
| |
| |1.73
| |
| | -63,110
| |
| |95,409
| |
| |-
| |
| |2022-09-01
| |
| |5,671,848
| |
| | -0.41
| |
| |4.43
| |
| | -23,149
| |
| |240,792
| |
| |-
| |
| |2022-08-01
| |
| |5,694,997
| |
| | -0.68
| |
| |6.52
| |
| | -39,183
| |
| |348,625
| |
| |-
| |
| |2022-07-01
| |
| |5,734,180
| |
| | -0.52
| |
| |8.94
| |
| | -29,753
| |
| |470,440
| |
| |-
| |
| |2022-06-01
| |
| |5,763,933
| |
| | -0.10
| |
| |11.20
| |
| | -5,484
| |
| |580,548
| |
| |-
| |
| |2022-05-01
| |
| |5,769,417
| |
| |0.09
| |
| |13.41
| |
| |5,404
| |
| |682,260
| |
| |-
| |
| |2022-04-01
| |
| |5,764,013
| |
| |0.07
| |
| |14.94
| |
| |3,983
| |
| |749,251
| |
| |-
| |
| |2022-03-01
| |
| |5,760,030
| |
| |0.32
| |
| |16.55
| |
| |18,252
| |
| |817,753
| |
| |-
| |
| |2022-02-01
| |
| |5,741,778
| |
| |0.45
| |
| |18.52
| |
| |25,561
| |
| |897,204
| |
| |-
| |
| |2022-01-01
| |
| |5,716,217
| |
| |1.13
| |
| |19.93
| |
| |63,945
| |
| |950,110
| |
| |-
| |
| |2021-12-01
| |
| |5,652,272
| |
| |1.32
| |
| |20.55
| |
| |73,372
| |
| |963,356
| |
| |-
| |
| |2021-11-01
| |
| |5,578,900
| |
| |1.19
| |
| |21.11
| |
| |65,571
| |
| |972,320
| |
| |-
| |
| |2021-10-01
| |
| |5,513,329
| |
| |1.51
| |
| |21.78
| |
| |82,273
| |
| |986,143
| |
| |-
| |
| |2021-09-01
| |
| |5,431,056
| |
| |1.58
| |
| |22.17
| |
| |84,684
| |
| |985,579
| |
| |-
| |
| |2021-08-01
| |
| |5,346,372
| |
| |1.57
| |
| |22.66
| |
| |82,632
| |
| |987,813
| |
| |-
| |
| |2021-07-01
| |
| |5,263,740
| |
| |1.55
| |
| |22.60
| |
| |80,355
| |
| |970,177
| |
| |-
| |
| |2021-06-01
| |
| |5,183,385
| |
| |1.89
| |
| |23.49
| |
| |96,228
| |
| |985,981
| |
| |-
| |
| |2021-05-01
| |
| |5,087,157
| |
| |1.44
| |
| |23.79
| |
| |72,395
| |
| |977,645
| |
| |-
| |
| |2021-04-01
| |
| |5,014,762
| |
| |1.47
| |
| |26.27
| |
| |72,485
| |
| |1,043,343
| |
| |-
| |
| |2021-03-01
| |
| |4,942,277
| |
| |2.02
| |
| |65.94
| |
| |97,703
| |
| |1,963,905
| |
| |-
| |
| |2021-02-01
| |
| |4,844,574
| |
| |1.65
| |
| |95.81
| |
| |78,467
| |
| |2,370,514
| |
| |-
| |
| |2021-01-01
| |
| |4,766,107 | | |4,766,107 |
| | |77,191 |
| |1.65 | | |1.65 |
| |97.84 | | |97.84 |
| |77,191
| |
| |2,356,999
| |
| |}
| |
|
| |
| == Mortgage-Backed Securities ==
| |
| [[File:Screenshot 2023-09-18 130808.png|center|thumb|901x901px|https://fred.stlouisfed.org/series/WSHOMCB]]
| |
| {| class="wikitable"
| |
| ! rowspan="2" |Date
| |
| End of Period Level<ref>https://fred.stlouisfed.org/series/WSHOMCB</ref>
| |
| ! colspan="5" |Mortgage-Backed Securities
| |
| |-
| |
| !Millions of U.S. Dollars NSA
| |
| !M/M %
| |
| !Y/Y %
| |
| !M/M Millions of U.S. Dollars NSA
| |
| !Y/Y Millions of U.S. Dollars NSA
| |
| |-
| |
| |2024-04-01
| |
| |2,384,720
| |
| | -0.16
| |
| | -7.42
| |
| | -3,715
| |
| | -191,056
| |
| |-
| |
| |2024-03-01
| |
| |2,388,435
| |
| | -0.62
| |
| | -7.94
| |
| | -14,800
| |
| | -206,045
| |
| |-
| |
| |2024-02-01
| |
| |2,403,235
| |
| | -0.58
| |
| | -8.28
| |
| | -13,921
| |
| | -217,013
| |
| |-
| |
| |2024-01-01
| |
| |2,417,156
| |
| | -0.60
| |
| | -7.91
| |
| | -14,617
| |
| | -207,579
| |
| |-
| |
| |2023-12-01
| |
| |2,431,773
| |
| | -0.62
| |
| | -7.94
| |
| | -15,262
| |
| | -209,629
| |
| |-
| |
| |2023-11-01
| |
| |2,447,035
| |
| | -0.64
| |
| | -7.96
| |
| | -15,872
| |
| | -211,721
| |
| |-
| |
| |2023-10-01
| |
| |2,462,907
| |
| | -0.68
| |
| | -8.05
| |
| | -16,819
| |
| | -215,612
| |
| |-
| |
| |2023-09-01
| |
| |2,479,726
| |
| | -0.77
| |
| | -8.10
| |
| | -19,144
| |
| | -218,432
| |
| |-
| |
| |2023-08-01
| |
| |2,498,870
| |
| | -0.74
| |
| | -7.77
| |
| | -18,689
| |
| | -210,418
| |
| |-
| |
| |2023-07-01
| |
| |2,517,559
| |
| | -0.81
| |
| | -7.35
| |
| | -20,579
| |
| | -199,820
| |
| |-
| |
| |2023-06-01
| |
| |2,538,138
| |
| | -0.79
| |
| | -6.32
| |
| | -20,098
| |
| | -171,190
| |
| |-
| |
| |2023-05-01
| |
| |2,558,236
| |
| | -0.68
| |
| | -5.51
| |
| | -17,540
| |
| | -149,210
| |
| |-
| |
| |2023-04-01
| |
| |2,575,776
| |
| | -0.72
| |
| | -5.13
| |
| | -18,704
| |
| | -139,236
| |
| |-
| |
| |2023-03-01
| |
| |2,594,480
| |
| | -0.98
| |
| | -4.45
| |
| | -25,768
| |
| | -120,770
| |
| |-
| |
| |2023-02-01
| |
| |2,620,248
| |
| | -0.17
| |
| | -3.59
| |
| | -4,487
| |
| | -97,619
| |
| |-
| |
| |2023-01-01
| |
| |2,624,735
| |
| | -0.63
| |
| | -1.36
| |
| | -16,667
| |
| | -36,085
| |
| |-
| |
| |2022-12-01
| |
| |2,641,402
| |
| | -0.65
| |
| |0.99
| |
| | -17,354
| |
| |25,910
| |
| |-
| |
| |2022-11-01
| |
| |2,658,756
| |
| | -0.74
| |
| |1.88
| |
| | -19,763
| |
| |49,030
| |
| |-
| |
| |2022-10-01
| |
| |2,678,519
| |
| | -0.73
| |
| |5.96
| |
| | -19,639
| |
| |150,742
| |
| |-
| |
| |2022-09-01
| |
| |2,698,158
| |
| | -0.41
| |
| |8.16
| |
| | -11,130
| |
| |203,474
| |
| |-
| |
| |2022-08-01
| |
| |2,709,288
| |
| | -0.30
| |
| |11.12
| |
| | -8,091
| |
| |271,221
| |
| |-
| |
| |2022-07-01
| |
| |2,717,379
| |
| | 0.30
| |
| |13.95
| |
| | 8,051
| |
| |332,600
| |
| |-
| |
| |2022-06-01
| |
| |2,709,328
| |
| | 0.07
| |
| |16.80
| |
| | 1,882
| |
| |389,691
| |
| |-
| |
| |2022-05-01
| |
| |2,707,446
| |
| | -0.28
| |
| |20.64
| |
| | -7,566
| |
| |463,181
| |
| |-
| |
| |2022-04-01
| |
| |2,715,012
| |
| | -0.01
| |
| |23.90
| |
| | -238
| |
| |523,707
| |
| |-
| |
| |2022-03-01
| |
| |2,715,250
| |
| | -0.10
| |
| |24.29
| |
| | -2,617
| |
| |530,567
| |
| |-
| |
| |2022-02-01
| |
| |2,717,867
| |
| |2.14
| |
| |24.63
| |
| |57,047
| |
| |537,189
| |
| |-
| |
| |2022-01-01
| |
| |2,660,820
| |
| |1.73
| |
| |28.56
| |
| |45,328
| |
| |591,051
| |
| |-
| |
| |2021-12-01
| |
| |2,615,492
| |
| |0.22
| |
| |28.24
| |
| |5,766
| |
| |576,024
| |
| |-
| |
| |2021-11-01
| |
| |2,609,726
| |
| |3.24
| |
| |30.25
| |
| |81,949
| |
| |606,134
| |
| |-
| |
| |2021-10-01
| |
| |2,527,777
| |
| |1.33
| |
| |26.37
| |
| |33,093
| |
| |527,472
| |
| |-
| |
| |2021-09-01
| |
| |2,494,684
| |
| |2.32
| |
| |25.82
| |
| |56,617
| |
| |511,909
| |
| |-
| |
| |2021-08-01
| |
| |2,438,067
| |
| |2.23
| |
| |25.08
| |
| |53,288
| |
| |488,839
| |
| |-
| |
| |2021-07-01
| |
| |2,384,779
| |
| |2.81
| |
| |23.35
| |
| |65,142
| |
| |451,399
| |
| |-
| |
| |2021-06-01
| |
| |2,319,637
| |
| |3.36
| |
| |19.36
| |
| |75,372
| |
| |376,196
| |
| |-
| |
| |2021-05-01
| |
| |2,244,265
| |
| |2.42
| |
| |22.30
| |
| |52,960
| |
| |409,155
| |
| |-
| |
| |2021-04-01
| |
| |2,191,305
| |
| |0.30
| |
| |36.55
| |
| |6,622
| |
| |586,585
| |
| |-
| |
| |2021-03-01
| |
| |2,184,683
| |
| |0.18
| |
| |57.79
| |
| |4,005
| |
| |800,120
| |
| |-
| |
| |2021-02-01
| |
| |2,180,678
| |
| |5.36
| |
| |58.96
| |
| |110,909
| |
| |808,835
| |
| |-
| |
| |2021-01-01
| |
| |2,069,769 | | |2,069,769 |
| | |30,301 |
| |1.49 | | |1.49 |
| |49.20 | | |49.20 |
| |30,301
| |
| |682,481
| |
| |} | | |} |
|
| |
|
| == References == | | == References == |