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home / news releases / SPTI - Federal Reserve Watch: 'To Provide Ample Reserve Balances'

SPTI - Federal Reserve Watch: 'To Provide Ample Reserve Balances'

SPDR® Portfolio Intermediate Term Treasury ETF

Federal Reserve officials got a little “shock” in the banking week ending September 18, 2019.

The reserve deposits that the commercial banks hold at Federal Reserve banks, surprisingly dropped below $1.4 trillion.

This surprise caused Fed officials to go into “alert” mode and they responded with a substantial input of repurchase agreements, $75.0 billion to be exact, to "bump up" reserve levels and avoid any possible dislocation in the operations of the commercial banking system.

By the end of the next banking week ending September 25, the Fed oversaw an increase of reserve balances

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Stock Information
Company Name: SPDR® Portfolio Intermediate Term Treasury ETF
Stock Symbol: SPTI
Market: NYSE
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