The Federal Reserve’s balance sheet got a little lighter last week. Reserve Bank credit fell by $2.5B to roughly $6.665 trillion for the week ended June 3, 2026, according to the central bank’s H.4.1 statistical release published on June 4.
Reserve balances held at the Fed dropped by $52.7B in a single week, landing at $3.014 trillion.
What the numbers actually say
Securities held outright, the Fed’s largest balance sheet asset, declined by $1.3B to $6.436 trillion. Mortgage-backed securities fell by $9.2B, while US Treasury holdings rose modestly to partially offset the decline.
Year-over-year, Reserve Bank credit is actually up $38.4B compared to the week ended June 4, 2025. So while the weekly direction is contractionary, the annual trajectory shows the Fed’s balance sheet hasn’t exactly been on a crash diet.
