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Survey of Consumer Finances - What counts as a family?

I am looking at the Federal Reserves survey of consumer finances. I am wondering what counts as a family? For example, would a single person living alone count as a family? What about an adult son ...
Bob's user avatar
  • 227
1 vote
2 answers
512 views

How leveraged are banks in the United States?

My understanding of fractional-reserve lending is that it allows for banks to only keep a small fraction of raw currency in reserve, and lend out the rest. When this lent out money is put into banks, ...
David Callanan's user avatar
4 votes
2 answers
373 views

Is modern monetary theory sustainable?

I am looking around at a lot of the central banks around the world (primarily ECB, Fed, and BOJ) and they all seem to be simply printing their way out of any issues with their economies. As far as I ...
Runeaway3's user avatar
  • 191
-1 votes
3 answers
149 views

Are stimulus checks created out of thin air? [closed]

My question is regarding the checks which the US government has sent out during the pandemic. Below is a chart of M2 money supply increase as a result of it: It is also said that 40% of all the m2 ...
Slartibartfast's user avatar
0 votes
1 answer
186 views

Can the US government selectively cancel debt held by the Federal Reserve?

Sort of a follow-up to this question on the Politics SE, which asked about the US government cancelling debt held by China. From the answers to that question, this kind of selective default is not ...
Allure's user avatar
  • 1,302
3 votes
1 answer
71 views

Does the Federal Reserve have bank accounts for banks?

Banks are constantly transferring electronic dollars to each other. There must be an entity that tracks how many digital dollars each bank has. Does the Federal Reserve have "accounts" for banks? In ...
philn's user avatar
  • 133
16 votes
2 answers
1k views

How do reserves move between the 12 federal reserve banks?

In single central banks systems (e.g. Bank of England) then the final ledger for electronic money transfer is the adjustment of reserve account balances. In the Federal Reserve System, there are 12 ...
Corvus's user avatar
  • 1,498