Commodity Trade Mantra

Posts Tagged ‘Cash Balances’

As QE3 Ends, Fed Reserves Have Biggest Drop Since Start Of QE

A glance at the Fed H.4.1 statement reveals: in the past 4 weeks, the level of total reserves with Fed banks (i.e., excess reserves created by QE), have seen their biggest plunge since the launch of QE in March of 2009. As of Nov 5, the total amount of outstanding reserves tumbled to $2.561 trillion, down a whopping $188 billion.

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