Insolvency?

Speaking of the interesting times that we live in, have a look at this graph of Non-Borrowed Reserves of Depository Institutions, and take your best guess as to the extent of the financial crisis now facing the US.

Or, if your not a graph-kind of person, here are the raw numbers, as compiled by the FED Board of Governors.

What's that? Oh, OK. Nothing to see here, folks. Back to sleep.

h/t George

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