Composition of the Monetary Base

Create Graph with data base: https://fred.stlouisfed.org

(i)First, search for the total monthly reserve balances maintained at the Fed series (FRED code = TOTRESNS),beginning in January 2007 and ending in March 2021.

Then plot on the same graph the non-seasonally adjusted currency in circulation series (FRED code = CURRCIR).(Remember, you use "EDIT GRAPH / ADD LINE" to plot a new series.)So you've now plotted two separate series.(The sum of the two, of course, is the Monetary Base.)

1.Attach Graph

5.Question #5

Fred work

FRED Purchases of Mortgage-backed Securities

Assess the impact of targeted asset purchases of the Fed by plotting using the left scale on a monthly (not a weekly) basis from January 2008 through April 2021 the Federal Reserve's holdings of mortgage-backed securities (FRED code:WSHOMCB) and on the right scale the average monthly yield on 30-year fixed mortgages (FRED code:MORTGAGE30US.(Note: once you add the second series, use "Format" to show its axis on the right scale.)Make sure that your series runs from January 2008 through April 2021 and that each series plots monthly values.(When you add the second series, the beginning date may change.)

(i)Attach Graph