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![Monetaryguy589 Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1796677303143174144.png) Monetary McFly 🪰 [@Monetaryguy589](/creator/twitter/Monetaryguy589) on x 4572 followers
Created: 2025-07-24 00:55:37 UTC

Last week the cost of interest paid to the Branches of Foreign Banks was approximately $1.18B on approximately $1.3T of Reserve Balances 

The question is..  Why do we let Foreigners park deposits in these Banks (which do no consumer lending, by the way) - only to then have these Banks turn around and deposit Reserves at the Fed to earn IORB?  

What’s really crazy - since September of XX this concept is now coming at a direct cost to US taxpayers via lack of Fed Remittances (which previously ran $100B annually for XX years)

Isn’t is a better idea to have these Foreigners buy our Treasuries or Repo directly if they want overnight dollar returns 🤔


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**Related Topics**
[fed](/topic/fed)
[lending](/topic/lending)
[$13t](/topic/$13t)
[$118b](/topic/$118b)
[federal reserve](/topic/federal-reserve)

[Post Link](https://x.com/Monetaryguy589/status/1948185264767291881)