12
Nov
2009
Banks’ Excess Reserves (Almost) Literally Off the Charts
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.
Comments are closed.
