Free reserves

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Free reserves

Free Reserves

Bank reserves over and above a bank's reserve requirements, less the amount it has borrowed from the Federal Reserve. That is, free reserves are extra cash a bank keeps in liquid assets (that is, what it does not loan out) beyond its legal requirement, minus what it must repay.
References in periodicals archive ?
Mr Osborne said IS was well-funded due to its seizure of central bank reserves and the illegal trade in oil, both with Bashar Assad's regime in Syria and with criminal gangs in other countries.
Saudi Arabia has the largest volume of central bank reserves in the Gulf, both in absolute and relative terms, enough to finance about three years of its imports and nine years of a BoP deficit of 10 per cent of its GDP.
Effective Tuesday, the demand deposit rate for bank reserves will fall to 0.
The Committee also voted to maintain the stock of purchased assets financed by the issuance of central bank reserves at Au375 billion.
The increase in the Central Bank reserves is primarily due to multilateral, bilateral and other official receipts amounting to $ 24.
The increase in the Central Bank reserves is primarily attributed to inflows of $ 403 million from multilateral and bilateral sources, of which $ 400 million were received from Asian Development Bank (ADB).
The central bank said that its gold reserves have been doubled to three times of what they were at the end of 2012 , which contributed in rising the rank of Iraq to become in the first third of the world rankings regarding the central bank reserves of gold.
The growth in the central bank reserves were one reason international credit agency Fitch Ratings highlighted in making its November upgrade of Turkey to investment grade, suggesting that the roughly $25 billion increase since November in its foreign exchange and $20 billion in gold holdings would act as a buffer against external financial shocks, instability in the lira and the CAD.
Summary: ANKARA - Egypt's long-term foreign currency debt was downgraded by Fitch Ratings, which pointed to a decline in central bank reserves and uncertainty over possible Monetary Fund support.
Syrian officials said the Central Bank reserves stood at around $18 billion before the protests against President Bashar al-Assad erupted in March.
Too many, although not all, spend massive proportions of the money they are given building up armies of back office staff and squirrelling away squillion' into bank reserves rather than spending donated cash on the work they were actually set up to do.
When the treasury issues debt to the public and deposits the proceeds at the Fed in its general account, bank reserves decline.