Friday, February 01, 2008

Missing - $51,032,000,000

So now the banks in the US are short $51,032,000,000... they had $42,281,000,000 in November... and now have -$8,751,000,000 according to the Federal Reserve, who regulate such matters. (Look in the second column of numbers... Depository Institutions - Non-Borrowed Reserves).

This means that the banks in the United States who are depository institutions are now $48,930,000,000 below what the are required to have as reserves.

Maybe I'm being a tin-foil-hat conspiracy theorist, but aren't banks supposed to be where the money is?

No comments: