1 To find the current table of aggregate reserves go to wwwf

1. To find the current table of aggregate reserves, go to www.federalreserve.gov/releases/h3/Current To navigate, go to www.federalreserve.gov click on \"All Statistical Releases\". click on \"Aggregate Reserves of Depository Institutions and the Monetary Base.\" click on the latest date (January 6?). Examine Tables 2 and 3 (not seasonally adjusted). Then answer the following questions:

a. For January 6 (or latest date), what percentage of total reserves were held as required reserves? Excess reserves?

b. For January 6 (or latest date), verify that R = RR + ER R = RN + BR where RN = non-borrowed reserves (or NBR in Mishkin 10th) and BR = borrowed reserves, not just discount loans. (Total borrowings from the Federal Reserve)

c. From Table 3, what are the major types of lending facilities now in existence?

d. For January 6 (or latest date), what is the amount of currency in circulation?

Solution

A)Seasonally Adjusted Total =1,045.8 Billions Dollers out of this -Non Finacial 276.3 billions dollers,financial $ 496.5 billions dollers, Asset backed=$ 242.6 billions dollers & others $ 29.8 billions dollers

B)Not seasonal adjusted Total=986.5 out of this= Non financial 246.5 billion dollers,financial 226.9 billion dollers,assetback-242 billion dollers and others 27.7 billion dollers

c)During the financial crisis, the Federal Reserve established several facilities to provide liquidity directly to borrowers and investors in key credit markets. As the performance of financial markets improved, the Federal Reserve wound down these programs. The Money Market Investor Funding Facility (MMIFF) expired on October 30, 2009, and the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility (AMLF) and the Commercial Paper Funding Facility (CPFF) were closed on February 1, 2010. The Federal Reserve closed the Term Asset-Backed Securities Loan Facility (TALF) for new loan extensions against newly issued CMBS on June 30, 2010, and for new loans against all other types of collateral on March 31, 2010.

D totla amount of currency circulate=$1,045.8 billion dollars.