Sabri, > Does anyone know what the current interest rate is on the non-borrowed > reserves?
It is published here: http://www.federalreserve.gov/monetarypolicy/reqresbalances.htm Until 11/3, the range of the federal funds rate targeted by the Fed is 0-.25. So, indeed, the rate on reserves is (most times) above the federal funds rate. Nice way to encourage the banks to lend. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
