Between February 13 and February 20, the Federal Reserve's balance sheet increased by $20.5 billion. The overall size of the balance sheet was essentially unchanged at $3.1 trillion.
Additional detail:
- Treasuries increased by $8 billion and agency debt and MBS increased by $23 billion.
- According to the New York Fed's tentative outright Treasury operation schedule, the desk plans to purchase approximately $44 billion in Treasury securities over the month of February. This amount is approximately $1 billion less than the stated pace of $45 billion per month, given that purchases conducted in January exceeded the target by approximately $1 billion.