FEDERAL RESERVE STATISTICAL RELEASE

H.3 (502)
Table 1 For Release at 4:30 p.m. Eastern Time
April 17, 2008
AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS AND THE MONETARY BASE

Follow the link. http://www.federalreserve.gov/releases/h3/Current/

Look how the non- borrowed reserves of institutions has plummeted $140bn dollars in just four months.

Note the use also of the term auction facility. Another $100bn anybody?

And how about the facility for primary dealers for a little icing on the cake?