Hmmm #2

[Jiddy78]

http://www.federalreserve.gov/feeds/h3.html

February 08, 2008
Recent Declines in Nonborrowed Reserves

The H.3 statistical release indicates that nonborrowed reserves of depository institutions have declined substantially since mid-December to a level that is now negative. This development reflects the provision of a large volume of reserves through the Term Auction Facility (TAF) and has no adverse implications for the availability of reserves to the banking system.

By definition, nonborrowed reserves are equal to total reserves minus borrowed reserves. Borrowed reserves are equal to credit extended through the Federal Reserve's regular discount window programs as well as credit extended through the TAF. To maintain a level of total reserves consistent with the Federal Open Market Committee's target federal funds rate, increases in borrowed reserves must generally be met by a commensurate decrease in nonborrowed reserves, which is accomplished through a reduction in the Federal Reserve's holdings of securities and other assets. The negative level of nonborrowed reserves is an arithmetic result of the fact that TAF borrowings are larger than total reserves.

[Ed Who?]

The title of this thread should be, "Required Reading For Insomniacs."

[Jiddy78]

The title of this thread should be, "Required Reading For Insomniacs."

I think it's fascinating. I feel the same way regarding the specifics of abortion science, though...so I empathize.

[swordfish]

The title of this thread should be, "Required Reading For Insomniacs."

Yeah I don't know why anyone would care about how the govt handles money. We should just leave that to the smart ppl.

U.S. NATIONAL DEBT CLOCK

The Outstanding Public Debt as of 16 Feb 2008 at 04:33:54 PM GMT is:
$ 9 , 2 9 4 , 6 6 6 , 6 7 8 , 7 7 4 . 9 1

Go back to sleep ppl.

[ryr8828]

The title of this thread should be, "Required Reading For Insomniacs."

It's like an entry in the "Most and Largest Words in a Somewhat Meaningful Paragraph" contest.

Aka a wall of text.

[Jiddy78]

It's like an entry in the "Most and Largest Words in a Somewhat Meaningful Paragraph" contest.

Aka a wall of text.


Lemme put in layman's terms what I read it to say:

The Fed is stressed out at the moment.

[Jiddy78]

Yeah I don't know why anyone would care about how the govt handles money. We should just leave that to the smart ppl.

U.S. NATIONAL DEBT CLOCK

The Outstanding Public Debt as of 16 Feb 2008 at 04:33:54 PM GMT is:
$ 9 , 2 9 4 , 6 6 6 , 6 7 8 , 7 7 4 . 9 1

Go back to sleep ppl.

There is something fascinating about a conservative putting full faith in banks/government in handling monetary affairs that they not only ignore data set forth by the entities themselves that is peculiar in nature, but ridicule the idea of doing such. But hey...I understand the "My life is going fine...Quit b*tching and be grateful for what fantastic things you are-and have been-enjoying" monniker....

One can only hope that such ignorance can continue forevermore....I'd take it in a heartbeat....and pray for it daily.

[swordfish]

There is something fascinating about a conservative putting full faith in banks/government in handling monetary affairs that they not only ignore data set forth by the entities themselves that is peculiar in nature, but ridicule the idea of doing such. But hey...I understand the "My life is going fine...Quit b*tching and be grateful for what fantastic things you are-and have been-enjoying" monniker....

One can only hope that such ignorance can continue forevermore....I'd take it in a heartbeat....and pray for it daily.

Btw it was a joke.

[Jiddy78]

Btw it was a joke.

Mine wasn't.