There is always money in the Fed: Repurchase agreements Foreign Official 3/16 $0. Repurchase agreements Foreign Official 3/23 $60 Billion. I wonder what Foreign Official needed $60 billion so quickly?...
Sources: https://www.federalreserve.gov/releases/h41/20230316/ https://www.federalreserve.gov/releases/h41/20230323/
I am willing to bet this is why the Central Bank Liquidity swaps did not jump bigly this week--they went here instead?
Also, with Primary Credit dropping by $40 billion and the Bank Term Funding