You could kiss our banking system good bye 5 minutes after that happens. With that much liquidity sitting on their books, no US Dollar as the world’s currency and our banks rapidly drowning in the liquidity.
The liquidity injected into the banking system did not show up as loans to support business operations; but, as stock investments by the banking system. Monthly print from Treasury had to go somewhere-—and that turns out to be a large bubble in stock valuations.