Because an abundant supply of excess bank reserves is a necessary feature of any floor - type operating system, the Fed's decision to retain such a system is the proximate reason why it's planning to stay pudgy. (alt-m.org)
Much of it remains entombed at the Federal Reserve as excess bank reserves. (dailytradealert.com)
Before the Federal Reserve's unprecedented interventions into financial markets in 2008, excess bank reserves hovered at just around 2 billion dollars. (hiddenforcespod.com)