Bank Reserves Rise to 51.0% of Liquidity

Bank reserves were 51.0% of US net liquidity on Wednesday, November 4, up 0.5 points from the week before, according to the Fed's H.4.1 report. Reserves rose $67.6 billion to $2.963 trillion and net liquidity rose $81.8 billion to $5.812 trillion. The Treasury's cash account (TGA) fell $79.4 billion that week: cash the Treasury spends flows back into bank reserves.