“U.S. Fed’s balance sheet shrinks for first time since February”
June 19, 2020
“The Federal Reserve’s assets shrank this week for the first time since February, reflecting a sharp drop in currency swaps with foreign central banks and a continued slackening in demand for other emergency credit facilities.
The Fed’s balance sheet – composed of assets ranging from U.S. Treasury bonds and mortgage-backed securities to loans to banks and state governments – fell to $7.14 trillion on June 17 from $7.22 trillion a week earlier, Fed data released on Thursday showed.
It was the first decline since the end of February, just before the Fed slashed interest rates to near zero and kicked a bevy of emergency credit facilities into overdrive to soften the economic blow from the coronavirus pandemic and the recession it has since triggered…”
https://finance.yahoo.com/news/u-feds-balance-sheet-shrinks-025743188.html