Historical Year Data · 2002

Reserve Balances at Fed in 2002

Reserve Balances at Fed opened 2002 at $9B and closed at $12B, a +31.55% move for the year. The high of $12B was reached on December 25, and the low of $9B on December 18.

Open

$9B

2002-01

$12B

2 data points

High

$12B

Dec 25

Low

$9B

Dec 18

Full Year Change

+31.55%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Dec	$9B	$12B	$12B	$9B	+31.55%

Events During 2002

1990 Japanese Bubble Collapse

Deflation

January 1990 – 2003

The Nikkei 225 peaked at 38,957 on December 29, 1989, then fell 82% over 13 years. Japan entered its "lost decades" of deflation, zero rates, and structural stagnation that still shapes global markets today.

1998 Euro Launch & 1999 Introduction

Goldilocks

May 1998 – January 2002

Eleven European Union members locked exchange rates on January 1, 1999, creating the euro as a virtual currency. Physical notes and coins circulated from January 1, 2002. The euro became the largest monetary experiment since Bretton Woods.

2000 Dotcom Crash

Deflation

March 2000 – October 2002

The Nasdaq Composite peaked at 5,048 on March 10, 2000 and fell 78% over 31 months. Internet companies went bankrupt en masse. The crash reshaped venture capital, corporate governance, and accounting standards.

Next Year

Reserve Balances at Fed in 2003→