Shoes and a note were left in front of school districts in New York as part ofOperation Shoe Drop. Happauge Credit - Brianna Richardson Happauge "People took part in more than 50 districts across the state, from Riverhard to Niagara Falls," said event organizer Kimberly Boyette, who ...
in which case bank reserves are debited, and Treasury’s account at the Fed is credited. There is no change in the size of the Fed balance sheet. Once Treasury has spent those new balances, both the Treasury account and reserves return to their previous levels, other things equal. Again, ...