Between May 1 and May 8, bank reserve balances with the Federal Reserve increased by $56.1 billion, while Treasury deposits with the Federal Reserve decreased by $51 billion.
As of May 8, 2013, bank reserves held at the Federal Reserve were $1.87 trillion.
Additional detail:
- Two note-worthy changes in liabilities were reverse repurchase agreements with foreign officials and international accounts and other nonreserve deposits with the Federal Reserve.
- Reverse repurchase agreements with foreign officials and international accounts decreased by $7.1 billion.
- Other nonreserve deposits, which include balances of international and multilateral organizations with accounts at the New York Fed, such as the International Monetary Fund, United Nations, International Bank for Reconstruction and Development (World Bank); the special checking account of the Exchange Stabilization Fund (where deposits from monetizing Special Drawing Rights would be placed); and balances of a few U.S. government agencies (such as Fannie Mae and Freddie Mac) increased by $7.2 billion.