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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 help 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. If the current appetite for more risky assest continue, the draning of the RRP could also continue in coming months. | ||
===Treasury TGA === | ===Treasury TGA === |