NEW YORK—On Monday and Tuesday, April 11 and 12, 2022, the New York Fed’s Liberty Street Economics blog will release a two-part series about mechanics of reducing the Federal Reserve’s balance sheet. The posts will go live each day at 7:00am EDT.
This series provides an update to posts that were released in 2017, How the Fed Changes the Size of Its Balance Sheet and How the Fed Changes the Size of Its Balance Sheet: The Case of Mortgage-Backed Securities.
The upcoming posts cover how the roles of the overnight reverse repo (ON RRP) facility, money market funds (MMFs), non-bank financial institutions (NBFIs), and households affect the mechanics of reducing the balance sheet.
Press Call on Series about the Mechanics of Reducing the Federal Reserve’s Balance Sheet:
An educational deep background press call with the New York Fed authors of this series will take place on Tuesday, April 12 at 4:15pm EDT to provide further context on the series. Journalists interested in participating should RSVP to Betsy Bourassa and Mariah Measey at Betsy.Bourassa@ny.frb.org and Mariah.Measey@ny.frb.org.