The scale of the Federal Reserve's balance sheet has dropped to around 7.5 trillion US dollars

On March 11, according to data from the Federal Reserve's official website, as of March 5, the scale of the Federal Reserve's balance sheet had dropped to $7.538 trillion, with a cumulative contraction of $1.2 trillion over the past year. On March 10 last year, U.S. financial regulators announced the closure of Silicon Valley Bank in America, triggering a crisis in the banking industry. The Fed expanded its balance sheet for three consecutive weeks to rescue the market and reached a peak in its balance sheet size over the past year on March 21, 2023 at $8.733 trillion.