Weekly Balance Sheet Update: Assets shrink $7.3BB as mortgage assets runoff at higher pace than their asset purchases

The Fed's balance sheet took a step back as total assets of shrank $7.3 billion in the December 29 week, following a $42.2 billion surge the prior week. Purchases of Treasuries rose $8.9 billion but were more than offset by a $16.3 billion drop in holdings of mortgage-backed securities. Total assets in the December 29 week declined to $2.423 trillion from $2.431 trillion the week before.

Reserve Bank credit for the December 29 week grew $19.2 billion after expanding $14.2 billion the prior week

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