New record high... up about $100B from previous all time high last week to close Thursday at $1,180B...
Treasury appearing to be reducing Reserve Assets at Depositories by about $100B per week over the last couple of weeks.... Treasury has reduced Reserve Assets like this by $800B since March 23rd equity markets bottom...
Still not clear if this is a deliberate policy.
I sent Treasury an email inquiring about the current TGA policy have not heard back yet... will report here if I do...
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