changes in reserve requirements 17.971 Billion
Total required reserves/total bank deposits . . . . . . . . . 6.8696%
Implied multiplier = reciprocal of reserve percentage 14.56
For every $100 deposited in the banking system,
Banks can create this much money""""""""-- $ 1,455.68
Data from FRED
March 1, 1959 figures
Total check able deposits $ 632.0 Billion
Total time & savings deposits at all
Depository institutions 6,147.7
Total bank deposits $ 6,779.70 Billion
Required reserves, not adjusted for
changes in reserve requirements 41.253 Billion
Total required reserves/total bank deposits . . . . . . . . . 0.6085%
Implied multiplier = reciprocal of reserve percentage 164.34
For every $100 deposited in the banking system,
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