Briefings

Week InReview: October 4, 2019

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

Read entire Week InReview: October 4, 2019

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