Journal Article
A perspective on possible Fed exit strategies
Abstract: As the IOER rate increases, less money will be given to the Treasury and more will be given to banks for the sole purpose of holding excess reserves (i.e., idle deposits at Federal Reserve Banks).
Keywords: Interest rates; Bank reserves;
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File(s): File format is application/pdf http://research.stlouisfed.org/publications/es/13/ES_21_2013-08-02.pdf
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Bibliographic Information
Provider: Federal Reserve Bank of St. Louis
Part of Series: Economic Synopses
Publication Date: 2013
Order Number: 21