Here are today’s gold stock screens and data, along with cycle conditions and projections for gold and HUI index, and Chart of the Day...
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Posts Tagged ‘ Deposit Accounts ’
Hit With Big Withdrawals, Fed Sells Assets, Borrows Cash
The Fed was hit with withdrawals of $83.3 billion last Wednesday, the largest withdrawals from its deposit accounts that were not associated with quarterly tax payments since February of 2009. $7 billion of that was the net cash transferred to the US Treasury from its note and bond sales less outlays. The Fed still...
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Fed Balance Sheet Collapses- Professional Edition
The Fed’s balance sheet shrank dramatically this week as banks paid off TAF loans and reduced their deposit accounts at the Fed on which they are no longer earning any interest. When the Fed cut the interest rate it paid on reserves I warned our subscribers that this would be the result. I expect...
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Looks Can Be Deceiving – Professional Edition Fed Report
The Fed expanded its balance sheet in a major way this week, but a look into the details reveals that the expansion was apparently funded once again by the growth of reserve deposits not related to the Fed’s lending programs. Cash is coming in to the Fed’s deposit accounts faster than it can push...
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