Before the Great Financial Crisis (GFC), bank reserves were typically around $0.2tr, as banks only held cash at the Fed for regulatory reasons – the Fed paid zero percent interest on them. The GFC ...

In the role of these columns as, among other things, a modest diary of the debate over monetary reform, let us mark the news that gold has passed the euro as the second largest reserve asset being ...

How should central banks explore tokenized reserves? Central banks are increasingly exploring how to make their reserves available to selected banks using distributed ledger technology, referred to as ...

Inflows to money market funds picked up again following a brief hiccup, where some liquidations were seen around 'Liberation Day'. Institutional demand remains most robust for Government Funds, while ...

Discover how the money supply, including cash and bank deposits, shapes economic stability through regulatory policies and decisions.

Federal Reserve Bank of New York President John Williams said recent volatility in overnight funding markets is a sign the US central bank is close to reaching its desired level of bank reserves.