Fed's Foreign Reverse Repo Hits Record $351BN

[cheka]

brace for impact?

article is for members only -- i think the headline is important enough to post

Market Liquidity Collapses As Usage Of Fed's Foreign Reverse Repo Hits Record $351BN In Biggest Weekly Jump In History | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

Market Liquidity Collapses As Usage Of Fed's Foreign Reverse Repo Hits Record $351BN In Biggest Weekly Jump In History​

 

[Goldhedge]

$351BN​

is that a lot?

 

[cheka]

$351BN​

is that a lot?

it's some kind of record -- weekly record? frbny, in the past, has done trillions in bailouts to foreign orgs. this looks like a quick start to that again

 

[Voodoo]

What the heck is the Foreign Reverse Repo? I know the main/only one I knew (The Reverse Repo) had been ramping up well over $2 Trillion.

 

[pmbug]

Liabilities and Capital: Liabilities: Reverse Repurchase Agreements: Foreign Official and International Accounts: Wednesday Level

Graph and download economic data for Liabilities and Capital: Liabilities: Reverse Repurchase Agreements: Foreign Official and International Accounts: Wednesday Level (WLRRAFOIAL) from 2002-12-18 to 2022-11-02 about reverse repos, foreign, accounting, reserves, and USA.

fred.stlouisfed.org

 

[Bottom Feeder]

THIS ARTICLE IS SO GOOD,​

IT'S FOR PREMIUM MEMBERS ONLY.​

well, ain't that too bad.

 

[pmbug]

For the record, if you visit the St. Louis Fed page I linked above, you can set the chart to a 1Y scale. From there you can see that Oct. 26-Nov. 2 recorded a roughly $48B increase. The week of Sep. 28-Oct. 5 recorded a ~$42.5B increase. The week of April 13-April 20 recorded a ~$43B increase. This last week saw the biggest one week increase at least within the last year (I didn't look further back). There have also been several weeks where there were ~$30B decreases. Big moves aren't totally unprecedented.

That said, last week was the biggest weekly increase and also marks a new cumulative high.

 

[Uncle]

$351BN​

is that a lot?

I'll try and help .

If you somehow landed up with $1BN, with the proviso to spend it over 20 years, then you'd have to spend...........

$136,892.53 per day, 7 days a week.

I'd like to give it a bash. Any willing donors?

Golden Regards
Uncle

PS $351BN is quite a bit. You'll have to count to 48,049,278 every day for 20 years, at a rate of 556.12 counts per second, 24x7.

 

[Strawboss]

September 2019 redux?

 

[searcher]

Why the Fed is still seeing $2.2 trillion in daily demand for its overnight repo facility

 

[pmbug]

Just checked the St. Louis Fed page. Last report was $348bn. 3 less than when the OP was posted. It went up and down and back up. Yo yo action.