A dollar …. a dollar

Here is a rough transcription of the presentation for people who are hard of hearing. Apologies for the lack of grammar, I am working to improve the automated transcriptions -
hello my Monday another slide share here from Fred the St Louis Federal reserve and this one is excess reserves of depository institutions now in white parent the top it’s also a link if you lay your cursor over the top of it that the link to the appropriate Fed sharks excess reserves absolutely flat along the bottom except for one itsy-bitsy little bit but they’re in the am about 2000 and think that was the millennium crisis where they thought computers with him to blow up or something but obviously absolutely flat until the credit crunch and it’s gone loopy mad since then armpits had term times where it looks like it’s hoped over and said no that’s enough excess reserves for the American banks and it never seems to be enough and it’s currently at about 1 1/2 trillion dollars in excess reserves at the US banks next chart is Treasury and agency securities at all commercial banks so we know what treasuries are agency securities Fannie and Freddie and are Sally held by banks at the central bank or held by banks least and monitored by the central bank Treasury and agency securities and it goes up and up since the great recession started the credit crunch it was $1.2 trillion and now at $1.8 trillion worth so they’re been playing safe and buying treasuries and agency securities to put on their asset side next is savings and deposits this shows that the American people are saving misty from the start of the credit crunch for trillion dollars in saving and now it’s 6 1/2 trillion dollars so two and half trillion dollars of extra saving the deposits have gone into the banks and as you know when your money goes into the bank it becomes the banks money commercial and industrial loans quite interesting absolutely plummeted down during the credit crunch that is clawing its way back up now but obviously it got an awful lot of ground to make up to where it looked like it was going before the credit crunch and you can track back to the recessions and see that each grey bar has its own little turndown in commercial and industrial loans end of the business cycle and the banks don’t loan because they don’t see any point of it and Dan is a turndown but this turndown was a monster and it’s done to take an awful lot to get back to what would be for them positive territory total consumer credit owned and set securitised are loans that have gone out to consumers and obviously because it did nominated in the dollar it goes up and up as the dollar becomes less with less buying power it flattened out in the 1991 recession it drifted it breezed through the 2001 recession but really came to a grinding halt in the credit crunch great recession and just like the commercial loans it’ll probably never get back to the trajectory that it was but at least it’s trying to go up Americans never to be kept down always going to the bank and wanting loans because they’re always wanting to buy stuff and what’s actually held this together probably is this one federal government seats and expenditures a got to go in and create your own chart you get one up and let’s say the federal government current receipts and go down to harm if you go down below anywhere you can find it you can add as many as similar type things as you like and make a really fancy charts with Fred this is an fancy it’s just plain old money in and money out to the American government now I’ve done one thing you can do is drop harm at download the information form from Fred that they used to draw their grafts and at downloadable in spreadsheet form and are so hard done a bit ham link to them together and in the right-hand column and made ham one from the other obviously the one on the left is expenditures because it’s the big one in red and the right in that well in the middle on this one it blue which is a receipts income and on the right of the calculated figures of the deficit I’ve yellowed the start of each year and you can see at one whole one 2009 Jennifer January 1, 2009 the deficit was the first trillion dollar deficit and every single deficit ever since has been $1 trillion efforts it was his trillion dollar + help pick out the biggest one there is it in 2010 is the biggest names a bigger one down there in 2011 but that’s an awful lot of deficit stacking up and this last one is a zooming the tower since 1998 to 2012 for the federal government receipts and expenditures and it’s some sort of mechanical monster beacon seen the red expenditures really haven’t been affected that much they took a bit of a kink during the great recession but really it’s still consistent bottom left top right but the ham receipts the money coming into Washington federal government has really been bent out of shape completely because obviously one should follow the other and that what we had before then was the calculation of the differences which is trillion dollars that there stayed apart now for is it since 2009 so that whole of 2009 1011 and moving into 2012 and there still $1 trillion apart in those mechanical locking jaws predicts that the extra government spending that is held the United States together without that I think the estate would be in a shocking state but of course it at the cost of those trillion dollar deficits which are debts and as we know it get rid non-bits of paper and they stay there until the payback to the end by