The Federal Home Loans Banks sold 90B in bonds and treasuries to raise liquidity for commercial banks. Tick fucking tock
Banks flooded the Federal Home Loan Bank System with requests for up to $90 billion in billions in low-cost funding to shore up liquidity and avert a crisis due to a runoff of deposits. Demand for liquidity from the Federal Home Loan Bank System skyrocketed on Monday, prompting the system's Office…
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