Money Supply & The Federal Reserve Message Board

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Non-Tech : Money Supply & The Federal Reserve

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To: Cush who started this subject	7/23/2004 10:24:26 AM
From: Cush	of 1379

An anecdotal observation. Each day when the Fed reports, the data presents Propositions Submitted (how much banks wanted to borrow) and Propositions Accepted (how much the Fed decided to lend). I do not track this data. Too time consuming. But I do observe it every day. It seems to me we have been seeing a shift. Whereas the usual ratio of Submitted to Accepted has often been something like $18 billion Submitted with $8 billion Accepted, recently there have been more days like today - $ 46 billion Submitted versus $ 1.75 billion Accepted. Looks like something has changed. Cush

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