The Banks Do Not Want to Hold On to Cash! Fed’s Reverse Repo Hits Record $992 Billion, Up $150 Billion In One Day
by Cheapbastard So they “lend” the fed the money overnight while the Fed gives them collateral 9Treasuries) overnight and 0.05% for the use of that overnight money. Usually it’s the other way around which is the stunning issue. That’s the way I understand it. Bottom line: No one wants to hold on to cash; and, … Read more