And just like that, we’re back to the good old days of fall 2019. Once again, the banks have never been healthier!

Federal Reserve liquidity facilities caught fire on Friday as month-end pressures pushed a key lending tool to a record level of usage.

The Fed’s Standing Repo Facility lent a total of $50.35 billion on Friday to eligible financial firms in two separate availabilities, the highest-ever usage since the tool was put in place in 2021 to provide fast loans collateralized with Treasury or mortgage bonds. At the same time, financial firms also parked a considerable amount of cash on Fed books, with the reverse repo facility seeing inflows of $51.8 billion.

Ah! “Loans,” yes, yes. And the 2021 system was put into place after the 2019-20 mania, C19 hoax and all, and the sometimes daily “loans” totaling well over $100 billion. And let’s not forget the C19 hoax stimulus checks from Kongress (not the Fed Repo window): $1k for you, $1.5T for the commercials.

Why? Now, they’re just saying “a variety of reasons.” LOL. Who, really, knows or even cares at this late hour. I’m sure this is nothing a war with Russia, China, Iran, Venezuela, Nigeria(???) won’t cure.