12 Nov 2009

Banks’ Excess Reserves (Almost) Literally Off the Charts

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EPJ tipped me off to the fact that the excess reserves have (had?) surpassed the $1 trillion mark. In this Fed graph, it looks literally off the charts, but when you click to see the data [.txt], it lists the last data point as a measly $994.7 billion. Chump change.

For those who like statistics, the year/year percentage increase in excess reserves has come way down from its high of about 49,000% a couple months ago.

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