[Toddsterpatriot]

Those losses were taken from the regular banks through the reverse repo window which ended in March.

Reverse repos don't take losses from regular banks.

A reverse repurchase agreement conducted by the Desk, also called a “reverse repo” or “RRP,” is a transaction in which the Desk sells a security to an eligible counterparty with an agreement to repurchase that same security at a specified price at a specific time in the future.

[EBH]

Under normal conditions you would be correct, but recall the The Fed did something unusual when SVB collapsed with a few others that followed, it set in place a ‘special’ program for banks. That program ended in March.

Now...it is only a matter of time...months likely, that the digital move will happen. It has to happen due to the sovereign debt. My guess...it will be after the election or real close to it.

And it won’t matter who wins...this di has already been cast.