“Federal Reserve Temporarily Eases Capital Requirement for Big Banks”
April 2, 2020
“The Federal Reserve is temporarily relaxing a rule that imposes additional capital requirements on deposits and Treasury securities held by the biggest U.S. banks…
The decision signals a complete turnaround in money-market conditions from early March, when dislocations in interest rates indicated that banks’ cash reserves were in short supply. The Fed responded to that shortage on March 15 by announcing unlimited purchases of Treasury securities and agency mortgage-backed securities…”
https://www.barrons.com/articles/tesla-biggest-bull-cuts-the-stock-price-target-51585672879