by Wolf Richter
Wolf Street
At around 4.75%, plus collateral, these are expensive loans for banks.
The Fed’s balance sheet through Wednesday, released today, shows to what extent the Fed has provided emergency loans at around 4.75% interest and against collateral to US banks; and how much it loaned to the FDIC which is tasked with bailing out all depositors at Silicon Valley Bank and at Signature Bank, which collapsed last Friday and over the weekend.
At the same time, it shows that the QT-related roll-off of Treasury securities and MBS continued.