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excess reserves |
Also found in: Wikipedia | 0.03 sec. |
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Excess reserves Amount of reserves held by an institution in excess of its reserve requirement and required clearing balance. Also see reserves. Excess reserves Actual reserves that exceed required reserves.
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| At a five percent reserve requirement, a one-million dollar excess reserve allows a bank to extend twenty million dollars in new credits. Nonetheless, the funds rate will firm if the level of balances falls so low that some banks have difficulty finding sufficient funds to cover late-day deficits in their Federal Reserve accounts, and the rate will soften if balances are so high that some banks risk ending a period holding unusable excess reserve balances. Ballantyne Re issued the notes to finance excess reserve requirements under Regulation XXX for the ceded block of business. |
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