Between April 24 and May 1, the Federal Reserve's balance sheet decreased by $1.9 billion. The overall size of the balance sheet is approaching $3.4 trillion.
Additional detail:
- The most notable change in assets came from holdings of U.S. Treasuries, which increased by $11.8 billion and agency debt, and MBS, which decreased by $14.2 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 May. This amount is approximately $1 billion less than the stated pace of $45 billion per month, given that purchases conducted in April exceeded the target by approximately $1 billion."