When you withdraw cash from your banks ATM, what happens to the size of the Feds balance

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When you withdraw cash from your bank’s ATM, what happens to the size of the Fed’s balance sheet? Is there any reason for the Fed to react to your action?

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Money Banking and Financial Markets

ISBN: 978-0078021749

4th edition

Authors: Stephen Cecchetti, Kermit Schoenholtz

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Question Posted: Oct 02, 2014 08:12 AM

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When you withdraw cash from your banks ATM, what happens to the size of the Feds balance

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The reserves held by your bank at the Fed decline but there is a larger volume of curre...View the full answer

Money Banking and Financial Markets

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