Interesting note

[annarborgator]

Any discussion?

Borrowed reserves increased dramatically in the last couple of weeks as non-borrowed reserves are -$363.136 billion as of 10/8. Non-borrowed reserves were -$158.341 billion two weeks ago and went negative late last December.

The monetary base (not seasonally adjusted, not adjusted for changes in reserve requirements) increased as expected to $989.774 billion. This is about a 7.5% increase in the past two weeks and about 14.1% since the Fed began appreciably creating new money on 9/10. The monetary base is up about 14.4% since the credit crisis became more mainstream back in August of last year.