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Approaches to Estimating Aggregate Demand for Reserve Balances
This note describes our approach in estimating aggregate reserve demand using survey-reported data and two methods to account for sampling and non-sampling error, concluding with a discussion of some important items for consideration.
AUTHORS: Andros, Joseph; Martinez, Francis; Beall, Michael; Thorp, Alex; Rodrigues, Tony; Styczynski, Mary-Frances
Estimating System Demand for Reserve Balances Using the 2018 Senior Financial Officer Survey
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.
AUTHORS: Rezende, Marcelo; Keating, Thomas; Thorp, Alex; Martinez, Francis; Pettit, Luke; Styczynski, Mary-Frances