Some confusions

In this US recession, (stats needed, NBER start date) the savings rate in the US has gone up!  Not as you would think, people drawing down on their savings to make ends meet.  (Need figures for  savings rate here).  Makes one wonder about the composition of savings.  Who saves.  (Need stats here for the composition of savings or savings by household.)

Further, excess reserves of banks have shot up.  They are not lending.  What gives?  The risk free rate is way down to zero, but money is not available at that rate.  Only the banks can borrow at that rate.  What gives?  Project: make a list of rates in the US economy.  Start with the Fed Funds rate, and move up the rate spectrum.  What is the US PLR?

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