Fed Loaned $160 Billion to Banks and $142 billion to FDIC. But QT-Related Roll-off Continued

Fed Loaned $160 Billion to Banks and $142 billion to FDIC. But QT-Related Roll-off Continued

From wolfstreet.com

The Fed’s balance sheet through Wednesday, released today, shows to what extent the Fed has provided emergency loans at around 4.75% interest and against collateral to US banks; and how much it loaned to the FDIC which is tasked with bailing out all depositors at Silicon Valley Bank and at Signature Bank, which collapsed last Friday and over the weekend. At the same time, it shows that the QT-related roll-off of Treasury securities and MBS continued “Keeping an eye on potential warning signs.” My monthly updates on the Fed’s balance sheet have had for months a section, titled, “Keeping an eye on potential ... (full story)

But there is no problem in the financial sector. Just listen to Lagarde said yesterday.

"Bank Term Funding Program (BTFP): $12 billion. The new thingy that the Fed announced on Sunday. "
Beautifully put!

The elites think we are stupid. They are in the main quite correct.

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