Fed Balance Sheet QT: -$37 Billion in November, -$2.43 Trillion from Peak, to $6.54 Trillion

Standing Repo Facility (SRF) at zero, after doing its job calming the repo market at month-end. QT ended on December 1, as per the Fed’s announcement at its FOMC meeting. But in November, QT continued, and the Fed’s total balance sheet declined by $37 billion in November, to $6.53 trillion, according to the Fed’s weekly balance sheet today.Over the three years and five months of QT, the Fed shed $2.43 trillion in assets, or 27% of its total assets, and over 50% of the $4.81 trillion it had piled on during m ...