According to monthly indicators first released by the US Federal Reserve Bank of New York, the US banking system still has sufficient reserves. The first reserve demand elasticity index released by the Federal Reserve Bank of New York on Thursday showed that the level of bank reserves was still sufficient as of October 11. The data is the latest evidence that the Federal Reserve can continue to reduce the liquidity of the financial system through quantitative austerity programs. The performance of this data was expected by Wall Street strategists.

According to monthly indicators first released by the US Federal Reserve Bank of New York, the US banking system still has sufficient reserves. The first reserve demand elasticity index released by the Federal Reserve Bank of New York on Thursday showed that the level of bank reserves was still sufficient as of October 11. The data is the latest evidence that the Federal Reserve can continue to reduce the liquidity of the financial system through quantitative austerity programs. The performance of this data was expected by Wall Street strategists.