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There is a lot more going on here than just one, no two, now three banks.

Eurodollar University

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The Fed's Lessons From Bearsterns

The week of March 15th bank cash skyrocketed by 403.6 billion, which refers to what the Fed was talking about in the Silicon Valley bank report. Borrowings actually fell only 2.2 billion, which means banks were not paying back a lot of their emergency loans. That's despite an inflow of 60.9 billion in large time deposits.

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