Historical Year Data · 2006

Reserve Balances at Fed in 2006

Reserve Balances at Fed opened 2006 at $13B and closed at $7B, a -45.45% move for the year. The high of $15B was reached on March 15, and the low of $3B on March 8.

Open

$13B

2006-01

$7B

52 data points

High

$15B

Mar 15

Low

$3B

Mar 8

Full Year Change

-45.45%

2005 Change

-41.66%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	$13B	$10B	$13B	$7B	-22.43%
Feb	$13B	$8B	$13B	$6B	-41.95%
Mar	$13B	$11B	$15B	$3B	-11.77%
Apr	$10B	$10B	$12B	$8B	-3.54%
May	$12B	$10B	$12B	$10B	-19.63%
Jun	$11B	$9B	$11B	$9B	-23.39%
Jul	$11B	$8B	$11B	$7B	-30.48%
Aug	$14B	$12B	$14B	$6B	-10.19%
Sep	$10B	$9B	$11B	$7B	-6.13%
Oct	$8B	$8B	$8B	$8B	-5.48%
Nov	$9B	$9B	$9B	$7B	+0.33%
Dec	$10B	$7B	$10B	$6B	-32.13%

Events During 2006

2006 US Housing Market Peak

Goldilocks

June 2006 – February 2007

US home prices peaked in summer 2006 after a 106% rally from 2000. Subprime mortgage underwriting collapsed in late 2006, setting up the 2008 crisis. The peak is the canonical example of a market top visible only in retrospect.

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