[5] Because of the policy actions I will talk about shortly, particularly the bond purchases and the TFF, ES balances are now very large, around $ billion. Put simply, the banking system has a very large amount of deposits at the RBA. [6] There is now a large amount of liquidity in the system.
We at the Federal Reserve are proud of our relationship with  1  Blinder, Alan S, (1994), "Interview with Alan S. Blinder," The Region, Federal Reserve Bank of Minneapolis, December, 1994. 2  Bernanke, Ben (2006), "A Message from Chairman Bernanke," Federal Reserve Bank of Dallas, July, 2006.