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PE50: How much money does the US Treasury have? (V)
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This is the fiftieth video installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast.
Contents
00:00 Intro
00:58 Weekly balance sheet update
03:30 To be clear: Base money is Notes + Bank reserves
05:50 Treasury general account (an 'other' Fed deposit)
10:50 TGA during covid pandemic
14:10 Treasury doesn't influence monetary policy... right?
22:04 Brief review of (non-bank) Reverse repo facility
25:20 Final review of the Fed's four main liabilities
Here we look at the 108 year, 5,655 week history of the Federal Reserve and its balance sheet. In this one we are looking specifically at the 'Treasury General Account;' that is, how much money does the US Treasury actually have in its bank account!
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Show content is not investment or financial advice in any way.
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