– Fed Balance Sheet Surges By Another $100BN Amid Bank Runs As Foreign Repos Soar By Record And Cash Floods Into Reverse Repo, Money Markets:
The much awaited release of the Fed’s latest weekly balance sheet update was released at exactly 4:30pm, and not surprisingly, it showed that in the past week the bank bailout continued if at a less torrid pace.
As of March 22, the Fed’s balance sheet increased by $94.5 billion to $8.734 trillion from $8.639 trillion which in turn was a $297 billion increase from the previous week when the bank crisis started. In total, the Fed’s balance sheet hs increased by $393 billion in the past two weeks, and is fast approaching its all time high of $8.95 trillion one year ago, when QT kicked in and shrank the Fed’s assets by $600 billion.
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