The MAGIK of the FED

Every baNk in the US is NOW financially sound and their reserve ratios are HUGELy better. The comatose patient has arisen from the grave. We went from being -$300 billion or so in the hole to over Plus $225 billion in the span of less than 60 Days. YeeHaw !!! WE ARE RICH AGAIN ! hALF TRILLION SWING TO THE PLUS SIDE ! oH THANK YOU ALLMIGHTY BENNY ! yOU ARE TRULY OUR SAVIOR ! H.3 (502) Table 1 For release at 4:30 p.m. Eastern Time AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS AND THE MONETARY BASE January 8, 2009 Adjusted for changes in reserve requirements(1) Seasonally adjusted unless noted otherwise Millions of dollars ----------------------------------------------------------------------------------------------------------------------------------------------- Reserves of depository institutions --------------------------------------------------------------------------------- Total borrowings Date Total Nonborrowed Required Excess, Monetary from the (2) (3) NSA base Federal Reserve, (4) (5) NSA ------------------------------------------------------------------------------------------------------------------------------------------------ Month(6) 2007-Dec. 42675 27244 40905 1770 823348 15430 2008-Jan. 42149 -3510 40509 1640 821406 45660 Feb. 42804 -17353 41080 1724 822560 60157 Mar. 44292 -50232 41313 2978 826994 94523 Apr. 43563 -91847 41719 1844 824408 135410 May 44133 -111648 42122 2011 826461 155780 June 43373 -127905 41100 2272 832528 171278 July 43348 -122316 41371 1977 838142 165664 Aug. 44586 -123492 42599 1988 841709 168078 Sep. 102800 -187306 42749 60051 903524 290105 Oct. 315523 -332797 47618 267905 1128479 648319 Nov. 609937 -88849 50886 559051 1433554 698786 Dec. p 820953 167388 53539 767415 1652555 653565 Two weeks ending(7) 2008-Nov. 5 415743 -259529 52104 363639 1235755 675272 19 652808 -72369 48061 604747 1476355 725177 Dec. 3 643644 -32241 53928 589715 1468989 675885 17 827674 153158 53235 774439 1658059 674517 31p 852227 224396 53759 798469 1686386 627832 ------------------------------------------------------------------------------------------------------------------------------------------------ 1. Reserves and monetary base figures incorporate adjustments for discontinuities, or "breaks," associated with regulatory changes in reserve requirements. (For more information, refer to table 3.) 2. Seasonally adjusted, break-adjusted total reserves equal seasonally adjusted, break-adjusted required reserves plus unadjusted excess reserves. (Also, refer to footnote 2 in table 2 and footnote 2 in table 3.) 3. Seasonally adjusted, break-adjusted nonborrowed reserves equal seasonally adjusted, break-adjusted total reserves less unadjusted total borrowings from the Federal Reserve. 4. Excess reserves NSA equals unadjusted total reserves (table 2, column 1) less unadjusted required reserves (table 2, column 3). 5. The seasonally adjusted, break-adjusted monetary base consists of (1) seasonally adjusted, break-adjusted total reserves plus (2) the seasonally adjusted currency component of the money stock plus (3), for all quarterly reporters on the "Report of Transaction Accounts, Other Deposits and Vault Cash" and for all those weekly reporters whose vault cash exceeds their required reserves, the seasonally adjusted, break-adjusted difference between current vault cash and the amount applied to satisfy current reserve requirements. (Also, refer to footnote 3 in table 2 and footnote 4 in table 3.) 6. Prorated averages of biweekly averages. 7. Averages of daily figures.

Edited by nimblebear, 11 January 2009 - 10:35 PM.

The HUEY creates a U- EY ! What a U-turn Ben !!!

CHANGE YOU CAN BELIEVE