US Bank Reserves Fall Second Week, Extend Drop Below US$3 Tril

US bank reserves fall second week, extend drop below US$3 tril

(Oct 24): The US banking system’s reserves, a key factor in the US Federal Reserve’s decision to keep shrinking its balance sheet, tumbled for the second

US bank reserves drop below $3 trillion

Reserves in the US banking system, a key factor influencing the Federal Reserve’s balance sheet reduction strategy, have fallen sharply for the second consecutive week, dipping below the $3 trillion mark. This decline occurs as the central bank prepares to decide on the future of its balance sheet in its upcoming meeting. According to reliable sources, data shared on Thursday highlighted a decrease of approximately $59 billion in US bank reserve…

US bank reserves fall second week, extend drop below US$3 trillion

The drop comes as the Treasury has ramped up debt issuance to rebuild its cash balance following the increase in the debt ceiling in July