"MY FIRST LONG TWEET.
Before ANY of more misinformation spreads on what I sometimes call “this damn platform, which capitalizes on sensationalism and misinformation,” this is why the Fed’s balance sheet grew last week by $298B. The Discount Window at the Fed is OPEN. Discount Window borrowing increased $140.5 billion in one week taking total to $152.8 billion. (Prior weekly record was $111 billion in 2008 during the financial crisis per
And additional $11.9 billion was borrowed from the Fed’s new Bank Term Funding Program $142B in Fed Loans “Includes loans that were extended to depository institutions established by the FDIC. The Federal Reserve’s loans to these depository institutions are secured by the collateral and the FDIC provides repayment guarantees." $7 billion in Treasuries fell and $2B in MBS rolled off the Fed’s as part of the Fed’s ongoing QT program."
Danielle DiMartino Booth