• Banks are holding more than they have to keep to meet reserve requirements, depositing the extra money in the Federal Reserve Bank.
• A blog post by the Federal Reserve Bank of New York says the total has been going up since 2008.
• The data argue in favor of those who complain that reluctance to lend is part of the reason it has been difficult to fire up the economic recovery, including housing construction.

From the article:

There is an interesting statistic out from Keefe, Bruyette & Woods on the economic recovery's progress. ...