There is several hundred dollars worth of spare liquidity on the balance sheets of the biggest banks.
To the extent that banks like FRC get folded into the biggest ones like JPM, it spreads that liquidity around and allows the Fed to continue quantitative tightening for a bit longer.
Meant to say several hundred billion.
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No, you got it right the first time.
Probably closer with your original statement...
Most got you the first time.. we only talk in billions
