In addition to payments on required reserves
, the act also allowed interest to be paid on so-called "excess reserves"--those reserve balances in excess of the required amount but held on deposit with the Fed.
9 billion while the required reserves
stood at JD1.
According to banking analysts, increase in the required reserves
is caused by an increase in deposits at Jordanian banks.
The metal was little moved by news China's central bank would raise lenders' required reserves
by 50 basis points.
764 billion including overnight window deposits held at the bank, while the volume of required reserves
China cut its benchmark interest rates and required reserves
Although they account for only this small portion of current account balances' massive increase, required reserves
nonetheless grew 4.
By law, the ratio of required reserves
on transaction deposits above a certain level must be set between 8 percent and 14 percent.
1] This reclassification reduces the bank's statutory required reserves
while leaving unchanged its customers' perceived holdings of transaction deposits.
The rating is based on the quality of the receivables purchased by CRC, the required reserves
dedicated to each receivable pool, 10% of commercial paper outstanding as credit support (minimum $150 million), and 100% liquidity support provided by Citibank.
755 billion on Thursday while the volume of required reserves
rose to JD1.
The Federal Reserve currently requires that depository institutions maintain required reserves
equal to 10 percent of their transactions deposits above certain minimum levels.