Log on to http://www.federalreserve.gov/releases/ and click on Aggregate Reserves of Depository Institutions and the Monetary Base-H.3 under
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Log on to http://www.federalreserve.gov/releases/ and click on Aggregate Reserves of Depository Institutions and the Monetary Base-H.3 under the heading "Money Stock and Reserve Balances." Choose the current release.
(a) What is the latest level of required reserves? What are total reserves? What is the mone- tary base?
(b) Figure the required reserve ratio. What is the money multiplier?
(c) Are banks keeping excess reserves? What is the potential for deposit creation?
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