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Doc,
ReplyDeleteAre you aware that the FED is "asking" CUs (and most assuredly banks) to "test" the borrowing process... that's what a lot of those $1k/$10k borrowings are about... the real story is what it may imply about how the FED is going to manage liquidity going forward.. and rates paid to "soak up" the excess liquidity in the system. Don't know much more, but your readers might like the scoop!
Now also if you're near Caswell Beach around sunset during first week in August you are invited for porch drinks and Clyde's final fling... think it would make for great selfie/post... won't make you stand downwind - promise! OK?
Yes, I am aware that many of the small dollar borrowings are for testing the borrowing process.
ReplyDelete