The New York Fed has been pumping Tens of Billions of dollars into the banking system for several weeks now. And they are re-expanding their balance sheet. All part of the fallout from trillion dollar deficits. Not enough liquidity in the system. I hope Deficit Donald has the courage to at least tweet a thank you to the Fed! New York Fed Injects $104.15 Billion in Short-Term Liquidity The Federal Reserve Bank of New York injected $104.15 billion in temporary liquidity into financial markets Thursday. The intervention came in two parts. One was via a term-repurchase-agreement operation that will last for 15 days that added $30.65 billion. The other was via a one-day repo operation that totaled $73.5 billion. Fed repo interventions take in Treasury and mortgage securities from eligible banks in what is effectively a loan of central bank cash, collateralized by dealer-owned bonds. Last month, the Fed ramped up its repo operations for the first time in over a decade to help tame spiking short-term borrowing costs. <snip> On Wednesday, the Fed also began buying large amounts of Treasury bills to help expand the size of its balance sheet as part of a longer-term solution for money-market volatility.