News Blackout: On the First Day of the Fed’s Money Market Fund Bailouts, JPMorgan Funds Borrowed $8.97 Billion – 32 Percent of the Total

On Thursday, March 31, the Federal Reserve released the names of the Wall Street trading houses and the amounts they had borrowed under three of the Fed’s emergency bailout programs. The data included the Fed’s repo loans for the first quarter of 2020 — the Fed is releasing the repo loan information after a two-year lag...