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WRESBAL Plus

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WRESBAL Plus is an improved way of looking at the same data that drives WRESBAL, which is a commonly used series on FRED.

WRESBAL is a weekly average of combined balances on FRED using inputs that are weekly averages in some cases. For example the Treasury General Account has multiple FRED series including WDTGAL (wednesday level) and WTREGEN (wednesday weekly average) There are data sets that are tracking the same metrics which are updated daily such as RRPONTSYD as opposed to WLRRAL.

This situation leads to an opportunity to create a new and improved WRESBAL with the data that is updated more frequently. WRESBAL Plus solves the problem of waiting for weekly averages to update trends.

WRESBAL plus combines data sets from FRED that are updated more frequently and are the basis for the original WRESBAL equation. WRESBAL Plus offers a signal that predicts where WRESBAL will go, and this is important when determining the direction of asset prices as they relate to liquidity. One example of an asset that closely follows WRESBAL is Bitcoin.
Versionshinweise
Added Treasury Contribution to Credit Facilities (H41RESH4ENWW) to liabilities
Versionshinweise
Change to update chart.
Versionshinweise
Add ability to chart the original WRESBAL signal for comparison
Versionshinweise
Add scale factor and offset, so that original symbol can be used.
Versionshinweise
Updated multiplication factors for FRED data streams to get numbers in USD units:

RRPONTSYD * 1000000000.0
Reverse repurchase agreements in dollars

WCURCIR * 1000000000.0
currency in circulation in dollars

WRESBAL * 1000000000.0
reserve balances in dollars

Versionshinweise
revert FRED scale factors.

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