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US Excess Reserves, in Pictures

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WORTH MULTI-BILLION WORDS
"Excess reserves held by banks at the Federal Reserve are back on the rise, hitting their highest level last week since May 2009," FT Alphaville notes, citing a report by Kyle Bass of Hayman Advisors. "As Bass notes, this is a build-up to unprecedented levels for a post-World War II United States. And the reserves are there largely because banks are either unwilling or unable to lend due to fears of further losses or a general lack of creditworthy borrowers."
SOURCE:   FT Alphaville

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