From Dec 29th, 2021 to Dec 28th, 2022 the feds assets decreased by about 200 billion, mostly treasury securities. Liabilities also decreased by about 200 billion. Deposits went down by 1.06 trillion and after accounting for changes in reverse repos, tga etc deposits are still down around 200 billion if I’m looking correctly.
The money didn’t disappear. What account was this money withdrawn too? Were securities purchased? Where is a +200 billion reflected elsewhere?
Leave a Reply