At big US banks, Treasury holdings grew over $350bn in 2020
US debt held-to-maturity increased 92% over the year
Holdings of Treasury securities by the eight US global systemically important banks (G-Sibs) increased a whopping 42% over 2020 to $1.19 trillion.
JP Morgan disclosed the largest increase in Treasury holdings dollar-wise, of $142.4 billion (62%) to $370.4 billion. This amounted to almost 11% of its total assets as of December 31. Citi’s holdings increased the most percentage-wise, by 73% to $232
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