The Fed’s (Nearly) Standing Repo Facility: Debt Monetization By Any Other Name

Total assets on the Fed’s balance sheet jumped by $184 billion over the past month through October 2, to $3.95 trillion, according to the Fed’s balance sheet released Thursday afternoon. This increase was mainly a result of the New York Fed’s repo operations – particularly the three repo operations with 14-day maturities that will all unwind next week: