Briefings
Week InReview: October 4, 2019
- By: admin
- On: 10/04/2019 09:17:05
- In: 2019 Briefings
Too big to lend?
"Analysts and bank rivals said big changes JPMorgan made in its balance sheet played a role in the spike in the repo market, which is an important adjunct to the Fed Funds market and used by the Fed to influence interest rates...
"Publicly-filed data shows JPMorgan reduced the cash it has on deposit at the Federal Reserve, from which it might have lent, by $158 billion in the year through June, a 57% decline."
—JPMorgan cash hit Fed limits, roiling US repos: Reuters
"Analysts and bank rivals said big changes JPMorgan made in its balance sheet played a role in the spike in the repo market, which is an important adjunct to the Fed Funds market and used by the Fed to influence interest rates...
"Publicly-filed data shows JPMorgan reduced the cash it has on deposit at the Federal Reserve, from which it might have lent, by $158 billion in the year through June, a 57% decline."
—JPMorgan cash hit Fed limits, roiling US repos: Reuters
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