On November 1, 2007 - there was about $42,268,000,000 in non-borrowed reserves in the depository institutions in the US. One month later, this amount was $27,149,000,000... which has me wondering where $15,119,000,000 went in one month.
Please correct me if I'm wrong... but doesn't this mean that the reserves held by all of our banks (which they use to give us cash, and put in to ATMs) dropped by about 36% in one month.
Seems to me this is something to worry about... but please, please, please tell me I'm wrong.
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