US Banks non-borrowed reserves sinks further

I haven't seen anyone mention this, but the Fed published on the 11th of July the "BOGNONBR, Non-Borrowed Reserves of Depository Institutions" and they look even uglier than the previous month. See chart below.

Latest Observations:
Date 2008-02-01 2008-03-01 2008-04-01 2008-05-01 2008-06-01
Value -17.375 -50.261 -91.876 -111.623 -127.872

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