Fed Gives BILLIONS to Euro Banks to Save Global Financial System!

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the recent unprecedented build-up of cash balances by FBAs was almost entirely composed of excess reserves.
Foreign firms have received nearly half of the $US9.8 billion ($11.2bn) in interest the Fed has paid banks since the beginning of last year for the money, called reserves, they deposit at the US central bank
Large holders of Fed reserves include Deutsche Bank, UBS, Bank of China and Bank of Tokyo
Roll Over Plan: Treasury Needed to Pay Off Record $7.5T in Maturing Debt in FY 2013, Issued $8.3T New Debt; Increased Net Debt $777B
Russia could ditch US dollar in 2-3 years – head of Russia’s #2 bank
Russia will start settling more contracts in Asian currencies, especially the yuan, in order to lessen its dependence on the dollar market

Sources:
http://www.federalreserve.gov/pubs/ifdp/2012/1064/ifdp1064.pdf
http://www.theaustralian.com.au/business/wall-street-journal/fed-policies-aid-foreign-banks/story-fnay3ubk-1227075645703?nk=853f9e0f4626422b45cc80c608ba1329
http://cnsnews.com/news/article/terence-p-jeffrey/roll-over-plan-treasury-needed-pay-record-75t-maturing-debt-fy-2013
http://rt.com/business/191804-russia-ditch-dollar-2-years/
http://rt.com/business/164752-russiia-de-dollarize-yuan-china/