It sounds like you're agreeing with me in many more words. I can't figure out where the "and no" part is. The bank getting too much cash isn't something that th

It sounds like you're agreeing with me in many more words. I can't figure out where the "and no" part is. The bank getting too much cash isn't something that they can avoid. That's out of their control. What happens after that is in their control and putting them in treasury bills is a reasonable stance to take.