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Atle Willems, CFA
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Atle Willems is an independent economic analyst and equity investor with a long-term view investing in undervalued listed shares with solid operational track records and sensible balance sheets. He holds a master's degree in finance with distinction from Nottingham University Business School, a... More
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EcPoFi - Economics, Politics, Finance
  • Excess Reserves Up, Discount Borrowings Down 0 comments
    Dec 19, 2012 6:23 AM

    Excess reserves of depository institutions in the U.S. increased to $1.4353 trillion in November from $1.4183 trillion in October. Excess reserves remain high in historical terms as before the debt crisis it typically were close to zero. Mean while, discount borrowings of the same depository institutions hit the lowest level since February 2008. As of November discount borrowings were $1.05 billion. For reference purposes, in October 2008 it hit $403.54 billion. If anything, the current low level of discount borrowings signals little distress in the U.S. banking sector, at least for the moment.

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    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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