Between May 1 and May 8, the Federal Reserve's balance sheet increased by $7.4 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 $6.4 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."