21 January 2009

Bank borrowings from the Federal Reserve System

Top graph: Money (in billions of US$) borrowed by US banks from the Fed from 1919 through December 2007. Note the y-scale reads 0-2-4-6-8-10.

Bottom graph: The same data from 1919 through November 2008. Note the y-scale now reads 0-200-400-600-800.


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