Things could get wild … Again

Sharing is Caring!


The Federal Home Loans Banks sold 90B in bonds and treasuries to raise liquidity for commercial banks. 

Banks flooded the Federal Home Loan Bank System with requests for up to $90 billion in billions in low-cost funding to shore up liquidity and avert a crisis due to a runoff of deposits.

Demand for liquidity from the Federal Home Loan Bank System skyrocketed on Monday, prompting the system’s Office of Finance to raise a record $88.7 billion through the sale of short-term, floating rate notes — the system’s largest debt issuance in a single day, reflecting the need for liquidity by community and regional bank members.

The largest banks were not tapping the Home Loan banks, experts said, largely because they have been the beneficiaries of depositors that have moved their money to large banks after being spooked by bank failures.

h/t  BoatSurfer600

See also  Things Get WORSE For Jane Fonda After INSANE BACKLASH - Hollywood PANICS!
See also  AND AGAIN, ABOUT TIME: Renewable Fail: Britain to Now Class Nuclear Power as “Sustainable Energy”.

Views: 1,023

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.