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The Week Ahead: Focus on the Fed’s MBS Holdings

The Federal Reserve will release its balance sheet on Thursday, September 6 at 4:30 p.m. ET. Apart from the presenting the combined numbers of all the 12 Federal Reserve Banks, this balance sheet also provides an insight into the Fed’s mortgage-backed securities (MBS) holdings. In 2017, the Fed had announced a program to reduce its balance sheet by the gradual reduction of both its Treasury and MBS holdings.

The MBS are guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. According to the latest balance sheet data available, federal agency debt and MBS stood at approximately $298,658 million. This, according to the Federal Reserve is remaining principal balance of securities that include MBS. The Fed has said that through its program it plans to reduce Treasury holdings by $270 billion and MBS by $180 billion in 2018.

Here’s what else is in store in The Week Ahead:

  • Construction Spending Report, Tuesday, 10 a.m. ET
  • CoreLogic Home Price Insights, Tuesday, 9 a.m. ET
  • MBA Mortgage Apps, Wednesday, 7 a.m. ET
  • Ellie Mae Millennial Tracker, Wednesday, 9 a.m. ET
  • Jobs Report, Friday, 8:30 a.m. ET

About Author: Radhika Ojha

Radhika Ojha is an independent writer and copy-editor, and a reporter for DS News. She is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her masters degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha, also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas.
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