TGA Treasury General Account

Remember all the theories surrounding the Treasury’s general account and what it may be used for, next round of Stimulus for one well that hasn’t materialized yet.The account is dipping a touch but staying quite hefty compared to last year.

One reason possibly for the account to still be quite large is the lack of use of the Feds main street lending programs,recall ” The Federal Reserve established the Main Street Lending Program (Program) to support lending to small and medium-sized for profit businesses and nonprofit organizations that were in sound financial condition before the onset of the COVID-19 pandemic.” below graph from Bloomberg shows little if any interest in this program.maybe someone should ask Powell at today’s presser why is it so

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