(URBANSURVIVAL.COM) — I must be reading the Federal Reserve’s H.3 “Aggregate Reserve of Depository Institutions and the Monetary Base” all wrong.
If you scroll down to Table 2 and look at the not-seasonally adjusted figures for the “Reserves of depository institutions” you will see three columns on the left. Total (Reserves) “nonborrowed (reserves) and “required” (reserves). [Column #2] says the amount of nonborrowed money (*money that the banksters didn’t have to borrow to meet their reserve requirements) was negative.
In other words, if I am reading this right, the whole fractional reserve banking system’s reserves required is being held afloat strictly by borrowed money at this point! Full Report