{"id": "fed_assets_since_fomc", "framework": "trapdoors", "framework_title": "Three Trap Doors", "title": "Fed balance sheet since the last decision", "kind": "since_event", "direction": "tracking", "unit": "usd", "display": {"decimals": 0, "suffix": "", "format": "money_b", "signed": true}, "state": "tracking", "previous_state": "unknown", "state_changed_on": "2026-09-16", "as_of": "2026-09-16", "value": "0", "value_display": "$0 B", "delta_value": null, "delta_display": null, "delta_period": null, "threshold_hit": null, "thresholds": [], "what_moved": "Fed balance sheet since the last decision: $0 B since the 25 bp hike on 16 Sep 2026 ($6.75 T → $6.75 T).", "provenance": {"value_source": {"series": "fed_assets", "date": "2026-09-16", "value": "6746548.000000", "url": "https://www.federalreserve.gov/releases/h41/20260917/", "snapshot": "sha256:4416b07c4454b52acd76d37f7ec3e3f40336604a108958d737fa69e488d437ee", "fetched_at": "2026-09-22T14:56:00", "vintage": "2026-09-22T145600.716782:4416b07c4454"}, "explainer": {"title": "How to Read a Fed That Stopped Talking", "date": "2026-06-21", "url": "https://www.jameslavish.com/p/how-to-read-a-fed-that-stopped-talking"}, "anchor": {"series": "fed_assets", "date": "2026-09-16", "value": "6746548.000000", "url": "https://www.federalreserve.gov/releases/h41/20260917/", "snapshot": "sha256:4416b07c4454b52acd76d37f7ec3e3f40336604a108958d737fa69e488d437ee", "fetched_at": "2026-09-22T14:56:00", "vintage": "2026-09-22T145600.716782:4416b07c4454"}, "transform": "fed_assets[latest] − fed_assets[2026-09-16] × 1e6"}, "extras": {"anchor_date": "2026-09-16", "anchor_obs_date": "2026-09-16", "anchor_value": "6746548.000000", "latest_value": "6746548.000000", "days_since": 0}, "explainer": {"title": "How to Read a Fed That Stopped Talking", "date": "2026-06-21", "url": "https://www.jameslavish.com/p/how-to-read-a-fed-that-stopped-talking"}, "references": [], "sparkline": [{"d": "2025-09-24", "v": 6608395.0}, {"d": "2025-10-01", "v": 6587119.0}, {"d": "2025-10-08", "v": 6590815.0}, {"d": "2025-10-15", "v": 6596454.0}, {"d": "2025-10-22", "v": 6589533.0}, {"d": "2025-10-29", "v": 6587034.0}, {"d": "2025-11-05", "v": 6572732.0}, {"d": "2025-11-12", "v": 6580462.0}, {"d": "2025-11-19", "v": 6555283.0}, {"d": "2025-11-26", "v": 6552419.0}, {"d": "2025-12-03", "v": 6535781.0}, {"d": "2025-12-10", "v": 6539303.0}, {"d": "2025-12-17", "v": 6556861.0}, {"d": "2025-12-24", "v": 6581231.0}, {"d": "2025-12-31", "v": 6640618.0}, {"d": "2026-01-07", "v": 6573602.0}, {"d": "2026-01-14", "v": 6581700.0}, {"d": "2026-01-21", "v": 6584580.0}, {"d": "2026-01-28", "v": 6587568.0}, {"d": "2026-02-04", "v": 6605909.0}, {"d": "2026-02-11", "v": 6622382.0}, {"d": "2026-02-18", "v": 6613395.0}, {"d": "2026-02-25", "v": 6613797.0}, {"d": "2026-03-04", "v": 6628894.0}, {"d": "2026-03-11", "v": 6646344.0}, {"d": "2026-03-18", "v": 6655939.0}, {"d": "2026-03-25", "v": 6657161.0}, {"d": "2026-04-01", "v": 6675344.0}, {"d": "2026-04-08", "v": 6693871.0}, {"d": "2026-04-15", "v": 6705696.0}, {"d": "2026-04-22", "v": 6707419.0}, {"d": "2026-04-29", "v": 6699950.0}, {"d": "2026-05-06", "v": 6709505.0}, {"d": "2026-05-13", "v": 6728502.0}, {"d": "2026-05-20", "v": 6713643.0}, {"d": "2026-05-27", "v": 6704383.0}, {"d": "2026-06-03", "v": 6711495.0}, {"d": "2026-06-10", "v": 6725397.0}, {"d": "2026-06-17", "v": 6736424.0}, {"d": "2026-06-24", "v": 6735645.0}, {"d": "2026-07-01", "v": 6724564.0}, {"d": "2026-07-08", "v": 6735609.0}, {"d": "2026-07-15", "v": 6743028.0}, {"d": "2026-07-22", "v": 6747378.0}, {"d": "2026-07-29", "v": 6738190.0}, {"d": "2026-08-05", "v": 6748567.0}, {"d": "2026-08-12", "v": 6759955.0}, {"d": "2026-08-19", "v": 6745699.0}, {"d": "2026-08-26", "v": 6730912.0}, {"d": "2026-09-02", "v": 6737204.0}, {"d": "2026-09-09", "v": 6740619.0}, {"d": "2026-09-16", "v": 6746548.0}], "sparkline_days": 365, "computed_at": "2026-09-22T17:16:22", "stated_by": null, "calm_band": null, "zero_band": null, "history": [{"d": "2021-09-29", "v": 8447981.0}, {"d": "2021-10-06", "v": 8464032.0}, {"d": "2021-10-13", "v": 8480942.0}, {"d": "2021-10-20", "v": 8564943.0}, {"d": "2021-10-27", "v": 8556181.0}, {"d": "2021-11-03", "v": 8574871.0}, {"d": "2021-11-10", "v": 8663117.0}, {"d": "2021-11-17", "v": 8674970.0}, {"d": "2021-11-24", "v": 8681771.0}, {"d": "2021-12-01", "v": 8650402.0}, {"d": "2021-12-08", "v": 8664524.0}, {"d": "2021-12-15", "v": 8756666.0}, {"d": "2021-12-22", "v": 8790495.0}, {"d": "2021-12-29", "v": 8757460.0}, {"d": "2022-01-05", "v": 8765721.0}, {"d": "2022-01-12", "v": 8788278.0}, {"d": "2022-01-19", "v": 8867834.0}, {"d": "2022-01-26", "v": 8860485.0}, {"d": "2022-02-02", "v": 8873211.0}, {"d": "2022-02-09", "v": 8878009.0}, {"d": "2022-02-16", "v": 8911033.0}, {"d": "2022-02-23", "v": 8928129.0}, {"d": "2022-03-02", "v": 8904455.0}, {"d": "2022-03-09", "v": 8910748.0}, {"d": "2022-03-16", "v": 8954306.0}, {"d": "2022-03-23", "v": 8962474.0}, {"d": "2022-03-30", "v": 8937142.0}, {"d": "2022-04-06", "v": 8937592.0}, {"d": "2022-04-13", "v": 8965487.0}, {"d": "2022-04-20", "v": 8955851.0}, {"d": "2022-04-27", "v": 8939199.0}, {"d": "2022-05-04", "v": 8939972.0}, {"d": "2022-05-11", "v": 8942008.0}, {"d": "2022-05-18", "v": 8945898.0}, {"d": "2022-05-25", "v": 8914281.0}, {"d": "2022-06-01", "v": 8915050.0}, {"d": "2022-06-08", "v": 8918254.0}, {"d": "2022-06-15", "v": 8932420.0}, {"d": "2022-06-22", "v": 8934346.0}, {"d": "2022-06-29", "v": 8913553.0}, {"d": "2022-07-06", "v": 8891851.0}, {"d": "2022-07-13", "v": 8895867.0}, {"d": "2022-07-20", "v": 8899213.0}, {"d": "2022-07-27", "v": 8890004.0}, {"d": "2022-08-03", "v": 8874620.0}, {"d": "2022-08-10", "v": 8879138.0}, {"d": "2022-08-17", "v": 8849762.0}, {"d": "2022-08-24", "v": 8851436.0}, {"d": "2022-08-31", "v": 8826093.0}, {"d": "2022-09-07", "v": 8822401.0}, {"d": "2022-09-14", "v": 8832759.0}, {"d": "2022-09-21", "v": 8816802.0}, {"d": "2022-09-28", "v": 8795567.0}, {"d": "2022-10-05", "v": 8759053.0}, {"d": "2022-10-12", "v": 8758969.0}, {"d": "2022-10-19", "v": 8743922.0}, {"d": "2022-10-26", "v": 8723090.0}, {"d": "2022-11-02", "v": 8676870.0}, {"d": "2022-11-09", "v": 8678886.0}, {"d": "2022-11-16", "v": 8625620.0}, {"d": "2022-11-23", "v": 8621390.0}, {"d": "2022-11-30", "v": 8584576.0}, {"d": "2022-12-07", "v": 8582735.0}, {"d": "2022-12-14", "v": 8583413.0}, {"d": "2022-12-21", "v": 8564411.0}, {"d": "2022-12-28", "v": 8551169.0}, {"d": "2023-01-04", "v": 8507429.0}, {"d": "2023-01-11", "v": 8508587.0}, {"d": "2023-01-18", "v": 8489039.0}, {"d": "2023-01-25", "v": 8470557.0}, {"d": "2023-02-01", "v": 8433610.0}, {"d": "2023-02-08", "v": 8435369.0}, {"d": "2023-02-15", "v": 8384767.0}, {"d": "2023-02-22", "v": 8382190.0}, {"d": "2023-03-01", "v": 8339684.0}, {"d": "2023-03-08", "v": 8342283.0}, {"d": "2023-03-15", "v": 8639300.0}, {"d": "2023-03-22", "v": 8733787.0}, {"d": "2023-03-29", "v": 8705942.0}, {"d": "2023-04-05", "v": 8632384.0}, {"d": "2023-04-12", "v": 8614797.0}, {"d": "2023-04-19", "v": 8593263.0}, {"d": "2023-04-26", "v": 8562768.0}, {"d": "2023-05-03", "v": 8503994.0}, {"d": "2023-05-10", "v": 8503017.0}, {"d": "2023-05-17", "v": 8456760.0}, {"d": "2023-05-24", "v": 8436255.0}, {"d": "2023-05-31", "v": 8385854.0}, {"d": "2023-06-07", "v": 8389325.0}, {"d": "2023-06-14", "v": 8388323.0}, {"d": "2023-06-21", "v": 8362060.0}, {"d": "2023-06-28", "v": 8340914.0}, {"d": "2023-07-05", "v": 8298312.0}, {"d": "2023-07-12", "v": 8296923.0}, {"d": "2023-07-19", "v": 8274552.0}, {"d": "2023-07-26", "v": 8243344.0}, {"d": "2023-08-02", "v": 8206764.0}, {"d": "2023-08-09", "v": 8208241.0}, {"d": "2023-08-16", "v": 8145727.0}, {"d": "2023-08-23", "v": 8139066.0}, {"d": "2023-08-30", "v": 8121316.0}, {"d": "2023-09-06", "v": 8101318.0}, {"d": "2023-09-13", "v": 8098779.0}, {"d": "2023-09-20", "v": 8024090.0}, {"d": "2023-09-27", "v": 8002064.0}, {"d": "2023-10-04", "v": 7955782.0}, {"d": "2023-10-11", "v": 7952054.0}, {"d": "2023-10-18", "v": 7933162.0}, {"d": "2023-10-25", "v": 7907830.0}, {"d": "2023-11-01", "v": 7866664.0}, {"d": "2023-11-08", "v": 7860691.0}, {"d": "2023-11-15", "v": 7814991.0}, {"d": "2023-11-22", "v": 7810814.0}, {"d": "2023-11-29", "v": 7796145.0}, {"d": "2023-12-06", "v": 7737385.0}, {"d": "2023-12-13", "v": 7739566.0}, {"d": "2023-12-20", "v": 7724063.0}, {"d": "2023-12-27", "v": 7712781.0}, {"d": "2024-01-03", "v": 7681024.0}, {"d": "2024-01-10", "v": 7686710.0}, {"d": "2024-01-17", "v": 7673741.0}, {"d": "2024-01-24", "v": 7677230.0}, {"d": "2024-01-31", "v": 7630124.0}, {"d": "2024-02-07", "v": 7631300.0}, {"d": "2024-02-14", "v": 7633874.0}, {"d": "2024-02-21", "v": 7581683.0}, {"d": "2024-02-28", "v": 7567807.0}, {"d": "2024-03-06", "v": 7538857.0}, {"d": "2024-03-13", "v": 7541969.0}, {"d": "2024-03-20", "v": 7514348.0}, {"d": "2024-03-27", "v": 7484739.0}, {"d": "2024-04-03", "v": 7439558.0}, {"d": "2024-04-10", "v": 7438176.0}, {"d": "2024-04-17", "v": 7405506.0}, {"d": "2024-04-24", "v": 7402434.0}, {"d": "2024-05-01", "v": 7362474.0}, {"d": "2024-05-08", "v": 7353408.0}, {"d": "2024-05-15", "v": 7304272.0}, {"d": "2024-05-22", "v": 7299566.0}, {"d": "2024-05-29", "v": 7284319.0}, {"d": "2024-06-05", "v": 7255687.0}, {"d": "2024-06-12", "v": 7258974.0}, {"d": "2024-06-19", "v": 7252542.0}, {"d": "2024-06-26", "v": 7231163.0}, {"d": "2024-07-03", "v": 7221520.0}, {"d": "2024-07-10", "v": 7224079.0}, {"d": "2024-07-17", "v": 7208247.0}, {"d": "2024-07-24", "v": 7205455.0}, {"d": "2024-07-31", "v": 7178391.0}, {"d": "2024-08-07", "v": 7175256.0}, {"d": "2024-08-14", "v": 7177688.0}, {"d": "2024-08-21", "v": 7139952.0}, {"d": "2024-08-28", "v": 7123238.0}, {"d": "2024-09-04", "v": 7112567.0}, {"d": "2024-09-11", "v": 7115001.0}, {"d": "2024-09-18", "v": 7109137.0}, {"d": "2024-09-25", "v": 7080059.0}, {"d": "2024-10-02", "v": 7046925.0}, {"d": "2024-10-09", "v": 7046840.0}, {"d": "2024-10-16", "v": 7039284.0}, {"d": "2024-10-23", "v": 7029408.0}, {"d": "2024-10-30", "v": 7013490.0}, {"d": "2024-11-06", "v": 6994299.0}, {"d": "2024-11-13", "v": 6967108.0}, {"d": "2024-11-20", "v": 6923731.0}, {"d": "2024-11-27", "v": 6905140.0}, {"d": "2024-12-04", "v": 6895827.0}, {"d": "2024-12-11", "v": 6897485.0}, {"d": "2024-12-18", "v": 6889332.0}, {"d": "2024-12-25", "v": 6885963.0}, {"d": "2025-01-01", "v": 6852491.0}, {"d": "2025-01-08", "v": 6853554.0}, {"d": "2025-01-15", "v": 6834070.0}, {"d": "2025-01-22", "v": 6831760.0}, {"d": "2025-01-29", "v": 6818186.0}, {"d": "2025-02-05", "v": 6810935.0}, {"d": "2025-02-12", "v": 6813513.0}, {"d": "2025-02-19", "v": 6782332.0}, {"d": "2025-02-26", "v": 6766101.0}, {"d": "2025-03-05", "v": 6756764.0}, {"d": "2025-03-12", "v": 6759571.0}, {"d": "2025-03-19", "v": 6755982.0}, {"d": "2025-03-26", "v": 6740253.0}, {"d": "2025-04-02", "v": 6723452.0}, {"d": "2025-04-09", "v": 6727416.0}, {"d": "2025-04-16", "v": 6727113.0}, {"d": "2025-04-23", "v": 6726930.0}, {"d": "2025-04-30", "v": 6709277.0}, {"d": "2025-05-07", "v": 6710889.0}, {"d": "2025-05-14", "v": 6713270.0}, {"d": "2025-05-21", "v": 6688726.0}, {"d": "2025-05-28", "v": 6673244.0}, {"d": "2025-06-04", "v": 6672885.0}, {"d": "2025-06-11", "v": 6677155.0}, {"d": "2025-06-18", "v": 6681056.0}, {"d": "2025-06-25", "v": 6662200.0}, {"d": "2025-07-02", "v": 6659598.0}, {"d": "2025-07-09", "v": 6661912.0}, {"d": "2025-07-16", "v": 6659273.0}, {"d": "2025-07-23", "v": 6657715.0}, {"d": "2025-07-30", "v": 6642578.0}, {"d": "2025-08-06", "v": 6640843.0}, {"d": "2025-08-13", "v": 6643615.0}, {"d": "2025-08-20", "v": 6618415.0}, {"d": "2025-08-27", "v": 6603384.0}, {"d": "2025-09-03", "v": 6602071.0}, {"d": "2025-09-10", "v": 6605962.0}, {"d": "2025-09-17", "v": 6608597.0}, {"d": "2025-09-24", "v": 6608395.0}, {"d": "2025-10-01", "v": 6587119.0}, {"d": "2025-10-08", "v": 6590815.0}, {"d": "2025-10-15", "v": 6596454.0}, {"d": "2025-10-22", "v": 6589533.0}, {"d": "2025-10-29", "v": 6587034.0}, {"d": "2025-11-05", "v": 6572732.0}, {"d": "2025-11-12", "v": 6580462.0}, {"d": "2025-11-19", "v": 6555283.0}, {"d": "2025-11-26", "v": 6552419.0}, {"d": "2025-12-03", "v": 6535781.0}, {"d": "2025-12-10", "v": 6539303.0}, {"d": "2025-12-17", "v": 6556861.0}, {"d": "2025-12-24", "v": 6581231.0}, {"d": "2025-12-31", "v": 6640618.0}, {"d": "2026-01-07", "v": 6573602.0}, {"d": "2026-01-14", "v": 6581700.0}, {"d": "2026-01-21", "v": 6584580.0}, {"d": "2026-01-28", "v": 6587568.0}, {"d": "2026-02-04", "v": 6605909.0}, {"d": "2026-02-11", "v": 6622382.0}, {"d": "2026-02-18", "v": 6613395.0}, {"d": "2026-02-25", "v": 6613797.0}, {"d": "2026-03-04", "v": 6628894.0}, {"d": "2026-03-11", "v": 6646344.0}, {"d": "2026-03-18", "v": 6655939.0}, {"d": "2026-03-25", "v": 6657161.0}, {"d": "2026-04-01", "v": 6675344.0}, {"d": "2026-04-08", "v": 6693871.0}, {"d": "2026-04-15", "v": 6705696.0}, {"d": "2026-04-22", "v": 6707419.0}, {"d": "2026-04-29", "v": 6699950.0}, {"d": "2026-05-06", "v": 6709505.0}, {"d": "2026-05-13", "v": 6728502.0}, {"d": "2026-05-20", "v": 6713643.0}, {"d": "2026-05-27", "v": 6704383.0}, {"d": "2026-06-03", "v": 6711495.0}, {"d": "2026-06-10", "v": 6725397.0}, {"d": "2026-06-17", "v": 6736424.0}, {"d": "2026-06-24", "v": 6735645.0}, {"d": "2026-07-01", "v": 6724564.0}, {"d": "2026-07-08", "v": 6735609.0}, {"d": "2026-07-15", "v": 6743028.0}, {"d": "2026-07-22", "v": 6747378.0}, {"d": "2026-07-29", "v": 6738190.0}, {"d": "2026-08-05", "v": 6748567.0}, {"d": "2026-08-12", "v": 6759955.0}, {"d": "2026-08-19", "v": 6745699.0}, {"d": "2026-08-26", "v": 6730912.0}, {"d": "2026-09-02", "v": 6737204.0}, {"d": "2026-09-09", "v": 6740619.0}, {"d": "2026-09-16", "v": 6746548.0}], "history_series": "fed_assets", "companion_history": [], "state_changes": [{"on": "2026-09-16", "from": "unknown", "to": "tracking", "value": "0.000000", "note": "Fed balance sheet since the last decision: $0 B since the 25 bp hike on 16 Sep 2026 ($6.75 T → $6.75 T)."}], "state_history": [{"as_of": "2026-09-16", "state": "tracking", "value": "0"}]}