Internet reports that the Federal Reserve released its semi-annual monetary policy report, which mentioned that the Federal Reserve continues to significantly reduce its holdings of U.S. Treasury bonds and institutional securities in a predictable manner. Since June 2024, the Federal Reserve has reduced its securities holdings by US$297 billion, and securities holdings have dropped by approximately US$2 trillion since the beginning of the balance sheet contraction. The Federal Open Market Committee (FOMC) said it intends to maintain securities holdings at levels consistent with the efficient implementation of monetary policy under an adequate reserve regime. To ensure a smooth transition, the FOMC slowed the decline in securities holdings in June 2024 and intends to stop reducing its holdings of securities when reserve balances are slightly above levels it believes are consistent with sufficient reserves.