Anonymous ID: 602633 May 4, 2019, 5:08 p.m. No.6415635   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun   >>5655

>>6415588

they put that on steroids after 2008 crash. The excess reserves is the "money" the bank's put back into the FRB with the repo process-essentially they "buy" treasury note's and then "sell" them to the Fed, they have to leave a smallish amount on deposit with the FRB, hence the term excess reserves. It's total bullshit. Here is where it starts:

 

https://www.newyorkfed.org/markets/primarydealers