by Wolf Richter, Wolf Street:

Keeping an eye on stuff, including dollar liquidity swaps and Primary Credit.

Since the peak in April, total assets on the Federal Reserve’s balance sheet dropped by $381 billion, to $8.585 trillion, the lowest since November 3, 2021, according to the weekly balance sheet released today, with balances as of November 30.

Compared to four weeks ago (balance sheet released on November 3), total assets dropped by $92 billion.