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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.