Anonymous ID: ab3c87 July 9, 2020, 2:13 p.m. No.9908883   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun   >>8971 >>9004 >>9077

Fed balance sheet below $7 trln, repo drops to zero for first time since Sept 2019

 

The U.S. Federal Reserveโ€™s massive stash of bonds and other assets shrank for a fourth straight week, slipping back below $7 trillion, and use of one of its key emergency liquidity measures dropped to zero for the first time since September, data released by the central bank on Thursday showed.

 

The Fedโ€™s total balance sheet size declined by about $88 billion to $6.97 trillion as of July 8 versus $7.06 trillion a week earlier. The balance of outstanding repurchase agreements - or repos - fell to zero from $61.2 billion a week earlier and marked the first time in 10 months that banks have not tapped the Fed for this key source of short-term funding.

https://www.reuters.com/article/usa-fed-assets/fed-balance-sheet-below-7-trln-repo-drops-to-zero-for-first-time-since-sept-idUSN9N2BX01V

the higher the markets go the less they need to use these "facilities" they also have had a respite in the bond market too.