August 11, 2014
Who Is Holding All the Excess Reserves?
The Federal Reserve requires depository institutions in the United States to hold a certain fraction of their deposits as reserves—either as vault cash or on deposit with a Federal Reserve Bank
http://www.ritholtz.com/blog/2015/1...ampaign=Feed:+TheBigPicture+(The+Big+Picture)
Who Is Holding All the Excess Reserves?
The Federal Reserve requires depository institutions in the United States to hold a certain fraction of their deposits as reserves—either as vault cash or on deposit with a Federal Reserve Bank
http://www.ritholtz.com/blog/2015/1...ampaign=Feed:+TheBigPicture+(The+Big+Picture)