Federal Reserve Excess (Oct 2013)

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Source: WSJ – Federal Reserve Excess

Notable excerpts:

Federal Reserve Chairman Ben Bernanke is about to provide the republic with another watershed moment. Last week it was reported that total reserves held for banks on the Fed’s balance sheet reached more than $2.365 trillion. Of that total, only about $59 billion are required reserveswhat banks must hold at the Fed to meet regulatory guidelines. The rest, just over $2.3 trillion, are excess reserves.

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