U.S. banking system reserves fall to $2.89 trillion, lowest in 2.5 years

As ChainCatcher reports, reserves in the U.S. banking system fell to about $2.89 trillion in the week ending January 1, below the $3 trillion mark.

That was the lowest point since October 2020 and the biggest weekly drop in more than two and a half years, according to data released Thursday by the Federal Reserve.