Free reserves

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 ?
In the year to February 2000, free reserves at the club were very
95 million in 2001, while Free Reserves and Surplus stood at Rs.
However, capital levels continue to be dependent on a number of soft factors, such as investment valuation reserves, free reserves for policyholders' surplus and value of in-force business.
5 percent investment return, which, combined with the positive underwriting result, propelled free reserves to a new record level at 20 February 2011, representing a 22 percent increase from the position at the end of the previous year,found Willis.
The company has free reserves totaling $853 million, annual revenue of $4.
Reported balance sheets at year-end 2009/10 revealed that the free reserves of most clubs had been restored to pre-2008 levels, boosted by strong investment earnings and revenue from unbudgeted supplementary calls.
Ben Abraham, who leads the Willis P&I division, said, "After one of the worst years on record, the P&I market made a spectacular comeback in 2009/10 with total assets and free reserves representing all time record highs for the International Group.
However, capital levels are dependent on a number of soft factors, such as investment valuation reserves (which significantly decreased in 2007), free reserves for policyholders' surplus and value of in-force business.
47 million, while Free Reserves and Surplus stood at Rs.
Best believes that WOE will maintain excellent risk-adjusted capitalisation despite an anticipated decline in free reserves at year-end February 2008 resulting from operational losses.
30 million and free reserves and surplus stood at Rs.
The available earnings to be carried forward of CHF 63,163,567 will be appropriated to the free reserves.