The WSJ notes that several of the biggest banks (Bank of America, Deutsche Bank and Citigroup) are lowering their net borrowings in the “repo” market by 41% at the ends of each quarter tomake their balance sheet look better for Q reports.
Highlighted blue bars of top graphic indicate the end of each quarter.
click for interactive graphic
All data via the Federal Reserve
BofA, Citi Made ‘Repos’ Errors
WSJ, MAY 27, 2010
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