Fed Balance Sheet Assets Drop, PBOC Injects 100 Billion Yuan, NY Fed Accepts $439.8 Billion in Reverse Repo, TGA at $716B

The Federal Reserve's balance sheet assets dropped by $15.2 billion to approximately $7.3 trillion. The Treasury General Account increased by $6 billion to $716 billion. The reverse repo facility saw a decrease in participation by $37 billion to $459 billion on May 29th. The People's Bank of China injected 100 billion yuan in a 7-day reverse repo, with a net injection of 98 billion yuan. The New York Fed accepted $439.8 billion in an overnight reverse repo facility on May 31. Additionally, 71 entities participated in the operation. On June 3, the reverse repo amount decreased to $387.1 billion from $439.8 billion on May 31, with 63 counterparties involved. The take-up at the Fed's overnight reverse repo facility was the lowest since April 16.