TGA

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...