Estimating System Demand for Reserve Balances Using the 2018 Senior Financial Officer Survey

Keating, Thomas; Martinez, Francis; Pettit, Luke; Rezende, Marcelo; Styczynski, Mary-Frances; Thorp, Alex

doi:10.17016/2380-7172.2327

Discussion Paper

Estimating System Demand for Reserve Balances Using the 2018 Senior Financial Officer Survey

Abstract: In this Note, we introduce a range of estimates of the banking system’s contemporary demand for reserves based on newly available, confidential micro data from a Senior Financial Officer Survey (SFOS) conducted by the Federal Reserve in September 2018.

https://doi.org/10.17016/2380-7172.2327