The Federal Reserve injected $18.5 billion into the U.S. banking system this week, marking the fourth-largest liquidity injection since the COVID-19 pandemic.

BlockBeats News, February 19th, according to Barchart, the Fed injected $18.5 billion into the U.S. banking system this week through overnight repo, marking the fourth-largest liquidity injection since the onset of the COVID-19 pandemic, even surpassing the peak of the dot-com bubble.

The chart shows that liquidity injection peaks since 2021 have mainly occurred during times of pandemic and economic stress. This injection reflects banking reserve pressure, possibly stemming from end-of-quarter funding needs or broader credit tightening.