The post JPMorgan moves $350 billion in US Treasuries out of Fed accounts appeared on BitcoinEthereumNews.com.

JPMorgan Chase moved almost $350 billion out of its Federal Reserve account and pushed most of that money into U.S. Treasuries, as the bank reacted to interest rate cuts this year. JPMorgan’s SEC filings on Wednesday showed that its Fed balance dropped from $409 billion at the end of 2023 to $63 billion in the third quarter of 2025, while its Treasury holdings grew from $231 billion to $450 billion over the same period. JPMorgan, which controls more than $4 trillion in assets, made this move after the Fed cut rates this month to the lowest level in three years. The cuts followed a period when the Fed raised rates from near zero to above 5 percent between 2022 and early 2023, then began lowering them in late 2024. Tracking how the bank redirects cash as rate cuts continue Bill Moreland, the founder of BankRegData, said, “It’s clear JPMorgan is migrating money at the Fed to Treasuries. Rates are going down, and they’re front-running.” Generally, JPMorgan does not give details about the maturities of the Treasuries it holds or any interest rate swap contracts it may use for risk control. The bank had avoided large long-term bond positions in 2020 and 2021 when rates were low. That avoided the large paper losses that hit rivals such as Bank of America when the Fed raised rates fast in 2022. JPMorgan then earned more on cash kept at the Fed than it paid out to customers because of stable deposits that did not move even during the tightening cycle. Its move into Treasuries before rate cuts helped it lock in higher yields and avoid lower earnings as rates kept falling. The wider impact of JPMorgan’s decision across the banking system as the Fed lowers rates The size of JPMorgan’s withdrawals was so…

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Filed under: News - @ December 17, 2025 4:27 pm