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Banks Put Away Trillions Of Dollars To Forgo Loss - Overnight Reverse Repurchase Agreement
Description
Episode Description:
In today's BetterWealth episode, I am joined by Dan Kaminski, head of operations, as we discuss the Overnight Reverse Repurchase Agreement Program which is creating a money market program for Banks. Essentially, this program allows banks to store money when they don’t want to accrue loss in the market. In this episode we look at how banks are currently sticking money in this program like never before with a current 1.3 trillion dollars. Join us as Dan and I explore why this might be happening!
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Episode Links & Resources:
Overnight Reverse Repurchase Agreements: Treasury Securities Sold by the Federal Reserve in the Temporary Open Market Operations https://fred.stlouisfed.org/series/RRPONTSYD/
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