System reserves

 

Total System reserves took a nice 50b drop last week but it does no good if Tsy runs TGA down by almost 200b at same time.. TGA account balance supposed to be $650b…. TGA reduction increases bank deposits while banks capital still under pressure from the Fed rate increasing psychos…

TGA:

TGA topped at around 550b coming up out of debt ceiling and rolled over taking financial asset prices with it since late July…  I think TGA should be back up to mid 400s as of yesterday’s Treasury operations…  

These morons who can’t apply 8th grade Algebra caused another mini March “bank crisis!” here (Citi shares back to March lows) but hopefully it’s over this week if TGA bottomed and being adjusted back up over 550b…