You can't get large denomination deposits and institutional money funds from somewhere else? What is it about large denomination deposits and institutional money funds that allows the Fed to cook the books?
Feel free to try. Some people do make the attempt, and the numbers look catastrophic if they are accurate. But that is part of the problem, since those numbers from other sources aren't "official" like Fed numbers would be.
What is it about large denomination deposits and institutional money funds that allows the Fed to cook the books?
A clear view of the real money supply (that M2 doesn't provide), which compared to auctions would allow the detection of inconsistencies.