JP Morgan repo reliance hits 15-year high after Q1 surge
Fed funds and repo liabilities climb 62% to $717 billion
JP Morgan’s reliance on federal funds and repurchase agreements surged in the first quarter, with the funding representing 15.8% of total liabilities as of March 31 – the highest share in over 15 years.
The bank reported $716.6 billion of federal funds purchased and securities sold under agreements to repurchase, up 62% from three months earlier and a record high. The previous peak was $595.3
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