Federal Reserve Bank
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Federal Reserve’s Loan Plan to Alleviate US Banking System’s Liquidity Crunch
On March 16th, JPMorgan Chase said that the Federal Reserve’s emergency loan plan may inject up to $2 trillion into the US banking system to alleviate the liquidity crunch. Strategists such as Nikolaos Panigrtzoglou wrote that the use of the Federal Reserve Bank’s term funding plan may be significant. Although the largest banks are unlikely to take advantage of the plan, the plan envisages a maximum usage scale of nearly $2 trillion, which is the nominal amount of bonds held by U.S. banks other than the top five. Although there are still $3 trillion in reserves in the US banking system, a significant portion of them are held by large banks. They said that the tightening of liquidity was due to both the quantitative tightening by the Federal Reserve and the shift of funds from bank deposits to money market funds as a result of interest rate hikes. In addition, they said that the bank’s regular financing plan should be…
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CEO of Silicon Valley Bank Greg Becker Resigns from Federal Reserve Bank of San Francisco Board of Directors
It is reported that Reuters reported on March 10 that Greg Becker, CEO of Silicon Valley Bank, will no longer serve as a member of the Board of Directors of th…
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Federal Reserve Bank of San Francisco Seeks Advanced Application Developer for Digital Currency Research
It is reported that the Federal Reserve Bank of San Francisco of the United States released the recruitment notice of \”Advanced Application Developer – Digital…
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US Household Debt Skyrockets to Record 16.9 Trillion US Dollars
According to reports, the latest report released by the Federal Reserve Bank of New York showed that in the fourth quarter of last year, US household debt incr…