[Ultra Sonic 007]

Ping of interest.

[expat_panama]

[ printing out for review over morning coffee...]

[Toddsterpatriot]

Thanks.

This month, these excess deposits have soared to $771.2 billion.

Where else are they going to put the money? T-Bills? GM bonds? They're still afraid of more mark-to-market losses. And now they earn interest on those reserves, in the past they earned zero.