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Summary
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English:
Treasury securities outstanding (the red line) versus reserve balances (the blue line) since January 2016. While reserves were declining, total Treasury securities outstanding were increasing.
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| Source | https://www.federalreserve.gov/econres/notes/feds-notes/what-happened-in-money-markets-in-september-2019-20200227.htm |
| Author | Sriya Anbil, Alyssa Anderson, and Zeynep Senyuz |
Licensing
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This work is in the public domain in the United States because it is a work of the Board of Governors of the Federal Reserve System . This does not apply to any other entity within the Federal Reserve System, including the regional Federal Reserve Banks. |
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