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Excess Reserves Have Spiked Since 2008

Created on August 14, 2014

Excess Reserves Have Spiked Since 2008

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Read the original report, "Quantitative Easing, The Fed’s Balance Sheet, and Central Bank Insolvency," by Norbert J. Michel and Stephen Moore.

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Source: Board of Governors of the Federal Reserve System, Data Download Program, http://www.federalreserve.gov/datadownload/Review.aspx?rel=H3 (accessed August 5, 2014).

CHART 2 • BG 2938

Tags: QE, quantitative-easing, federal-reserve, fed