This addendum provides material that extends and supports the presentation in the preceding pages.

Change the Required Reserve Ratios

The most significant adjustment to the banking system in the last 30 years consisted of the change in the reserve requirements in April of 1992.

Deposits & Reserves

This chart presents evidence that bank deposits (the most significant portion of the money supply) continued to grow even while bank reserves remained essentially flat.

Loans & Securities

This chart provides a small indication of how the runoff in bank loans counteracts purchases of government securities by banks and The Fed.

References

A list of references of some of the material presented in this presentation.

Outline

An outline of this "presentation."