{"id":28025,"date":"2011-09-02T15:34:06","date_gmt":"2011-09-02T15:34:06","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/central_bank_flight_to_federal_reserve_safety_tops_lehman_crisis\/"},"modified":"2011-09-02T15:34:06","modified_gmt":"2011-09-02T15:34:06","slug":"central_bank_flight_to_federal_reserve_safety_tops_lehman_crisis","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=28025","title":{"rendered":"Ambrose Evans-Pritchard: Central Bank flight to Federal Reserve safety tops Lehman crisis"},"content":{"rendered":"<p>Central banks and official bodies have parked record sums of dollars at the US Federal Reserve for safe-keeping, indicating a clear loss of trust in commercial banks.<\/p>\n<p>Data from the St Louis Fed shows that reserve funds from &#8220;official foreign accounts&#8221; have doubled since the start of the year, with a dramatic surge since the end of July when the eurozone debt crisis spread to Italy and Spain.<\/p>\n<p>&#8220;This shows a pervasive loss of confidence in the European banking system,&#8221; said Simon Ward from Henderson Global Investors. &#8220;Central banks are worried about the security of their deposits so they are placing the money with the Fed.&#8221;<\/p>\n<p><a href=\"http:\/\/www.telegraph.co.uk\/finance\/financialcrisis\/8736204\/Central-bank-flight-to-Federal-Reserve-safety-tops-Lehman-crisis.html\">Read it all and take a careful look at that chart<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Central banks and official bodies have parked record sums of dollars at the US Federal Reserve for safe-keeping, indicating a clear loss of trust in commercial banks. Data from the St Louis Fed shows that reserve funds from &#8220;official foreign<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=28025\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,50,460,595,592,149,591,200,590,671,585,596,584],"tags":[],"class_list":["post-28025","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-international-news-commentary","category-european-sovereign-debt-crisis-of-2010","category-credit-markets","category-currency-markets","category-economy","category-euro","category-europe","category-european-central-bank","category-federal-reserve","category-the-banking-systemsector","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007","category-the-u-s-government"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/28025","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=28025"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/28025\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=28025"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=28025"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=28025"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}