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Is There Any Alternative to Tech? And Big Banks Come to the Rescue of First Republic 3/16/23

CNBC's "Fast Money"

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Is This the End of QT?

The Fed's balance sheet was approaching $9.5 trillion as of close of business Wednesday. The new facility opens up and they borrow what ended up being about $12 billion from that new facility. Does that mean that there weren't stresses in the system? Because they only took the $11.9 billion, or does it mean that it was just too new for them to actually use it? It could be that you have an increase in reserves because banks are worried about their balance sheets and want to hold on to reserves.

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