There’s a News Blackout on the Fed’s Naming of the Banks that Got Its Emergency Repo Loans; Some Journalists Appear to Be Under Gag Orders.)


+

Mainstream media has heretofore instituted a news blackout on the names of the banks that received the repo loan bailouts and the Fed’s data releases. (See our report on January 3 of this year: There’s a News Blackout on the Fed’s Naming of the Banks that Got Its Emergency Repo Loans; Some Journalists Appear to Be Under Gag Orders.) As of 4:00 p.m. today, we see no other news reports on this critical information that the American people need to see.

The Fed data released this morning shows that the trading units of six global banks received $17.66 trillion of the $28.06 trillion in term adjusted cumulative loans, or 63 percent of the total for all 25 trading houses (primary dealers) that borrowed through the Fed’s repo loan program in the first quarter of 2020.

The normal repo loan market is typically an overnight (one-day) loan market. The Fed started out with one-day overnight loans but then periodically also added 14-day, 28-day, 42-day and other term loans. We had to adjust our cumulative tallies to account for these term loans in order to get an accurate picture as to who was grabbing the bulk of these cheap loans from the Fed. For example, let’s say a trading firm took a $10 billion loan for one-day but on the same day took another $10 billion loan for a term of 14 days. The 14-day loan for $10 billion represented the equivalent of 14-days of borrowing $10 billion or a cumulative tally of $140 billion

wallstreetonparade.com/2022/03/the-feds-secret-repo-loans-another-news-blackout-and-a-french-bank-scandal/



Help Support Independent Media, Please Donate or Subscribe:

170 views


















Source link

Related articles

Bitcoin Rise in First Month of 2023 Strikes Crypto Worry Index From ‘Excessive Worry’ to ‘Greed’ – Market Updates Bitcoin Information

Final month, statistics confirmed that the Crypto Worry and Greed Index (CFGI) had a rating of 25, indicating “excessive worry.” Thirty days later, with a 39% enhance in bitcoin costs in opposition to...

Apple’s first foldable iPad on deck for 2024, claims famous analyst

Briefly: A foldable iPad is ready to reach sooner than anticipated in response to one famous Apple analyst. TF Worldwide Securities analyst Ming-Chi Kuo mentioned in a collection of tweets...

XAU/USD Bulls Tamed by Psychological Resistance

Gold (XAU/USD) Value Outlook:Gold futures retest $1,950 earlier than easing again into slim vary.XAU/USD gaps on opening, diving the RSI deeper into overbought territoryUSD stays constricted in anticipation of the FOMC and NFP’s...

Dividend Aristocrats In Focus: Worldwide Enterprise Machines

Printed on January thirtieth, 2023 by Quinn Mohammed Yearly, we evaluate every of the Dividend Aristocrats, the unique group of firms within the S&P 500 Index with 25+ consecutive years of dividend will increase. This...

Philippines Securities Regulator Seeks Touch upon Draft Crypto Guidelines

"It's the coverage of the State to make sure that applicable mechanisms are in place to guard the curiosity of customers of economic services below the situations of transparency, honest and sound market...
spot_img

Latest articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here