On Thursday, the New York Fed said it will introduce longer-term operations in the market for repurchase agreements, or repo, giving firms a chance to borrow cash through the end of the year when investors and officials fear that money market volatility will rise again. The central bank will offer a total of $55 billion in longer-term loans. Two operations lasting 42 days will take place on Nov. 25 and Dec. 2. One operation lasting 28 days will be offered on Dec. 9, according to a schedule released Thursday. That compares with a more typical term of about 14 days previously offered.
Reuters article announcing the new 28 & 42 day term repos: https://www.cnbc.com/2019/11/14/reute…
The Fed’s official balance sheet has now increased by $287.936 billion dollars since the end of August and in just the last 3 weeks the balance sheet has increased by $80 billion dollars! A lot of the effects of the Fed’s QT (balance sheet declining) have already been reversed since the end of August 2019.