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* The reserve repo has been stable at about a trillion dollars since last year. <ref>https://www.newyorkfed.org/markets/desk-operations/reverse-repo</ref> | * The reserve repo has been stable at about a trillion dollars since last year. <ref>https://www.newyorkfed.org/markets/desk-operations/reverse-repo</ref> | ||
* Recently, has been drained by about 200 billion, this could explain the stabilization of bank reserves and the easing of financial conditions in recent months. | * Recently, has been drained by about 200 billion, this could help explain the stabilization of bank reserves and the easing of financial conditions in recent months. | ||
=== Treasury TGA === | === Treasury TGA === |