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RRPs spike all the way back up to $665 billion as the end-of-quarter stockpile of liquidity looks around for an overnight home; this will likely plunge back below $400 billion before end of next week: https://t.co/NNVCbjUC0C
US BANK DEPOSITS ROSE TO $17.612 TLN FROM $17.574 TLN IN THE PRIOR WEEK.
3. There is funding pressure leading up to quarter-end, but there is a significant increase in cash in the Repo market - look at the decline in overnight rates each day and the increase in cash at the RRP facility
The Federal Reserve's financial activities for the week ending June 26 saw significant movements. The Fed's bids for 4-week bills totaled $215.8 million. Money market fund assets increased by $4.97 billion to $6.10 trillion for the 8-day period ending June 26, according to the Investment Company Institute (ICI). The Fed's bank term funding loans amounted to $106.6 billion, slightly down from $107.3 billion the previous week. Discount-window loans rose to $7.03 billion from $6.68 billion. Additionally, US bank deposits increased to $17.612 trillion from $17.574 trillion in the prior week.