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3 posts on "ample reserves"
October 5, 2022

Measuring the Ampleness of Reserves

Gara Afonso, Gabriele La Spada, and John C. Williams

Over the past fifteen years, reserves in the banking system have grown from tens of billions of dollars to several trillion dollars. This extraordinary rise poses a natural question: Are the rates paid in the market for reserves still sensitive to changes in the quantity of reserves when aggregate reserve holdings are so large? In today’s post, we answer this question by estimating the slope of the reserve demand curve from 2010 to 2022, when reserves ranged from $1 trillion to $4 trillion.

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Posted at 7:00 am in Banks, Central Bank, Federal Reserve, Financial Institutions, Financial Markets, Monetary Policy | Permalink
July 15, 2019

Large Bank Cash Balances and Liquidity Regulations

Jeffrey Levine and Asani Sarkar

Jeffrey Levine and Asani Sarkar discuss the recent evolution of large bank cash balances, the effect of liquidity regulations on these balances, and how banks might react to the Federal Reserve’s changes in the supply of reserves.

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Posted at 7:00 am in Banks, Federal Reserve, Fire Sale, Liquidity, Regulation | Permalink | Comments (1)
February 20, 2019

Stressed Outflows and the Supply of Central Bank Reserves

Ryan Bush, Adam Kirk, Antoine Martin, Philip Weed, and Patricia Zobel

Estimates of Day 1 stressed outflows suggest that reserve balances at the Fed need to be high for banks’ to meet their liquidity needs in a stress situation.

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Posted at 7:00 am in Banks, Federal Reserve, Liquidity | Permalink | Comments (1)

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Liberty Street Economics features insight and analysis from New York Fed economists working at the intersection of research and policy. Launched in 2011, the blog takes its name from the Bank’s headquarters at 33 Liberty Street in Manhattan’s Financial District.

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