INTERBANK DEPOSITS AND EXCESS RESERVES

@article{Allen1956INTERBANKDA,
  title={INTERBANK DEPOSITS AND EXCESS RESERVES},
  author={W. Allen},
  journal={Journal of Finance},
  year={1956},
  volume={11},
  pages={68-73}
}
  • W. Allen
  • Published 1956
  • Business
  • Journal of Finance
COMMERCIAL BANKS which are members of the Federal Reserve System are required to hold reserves in the form of deposits in their district Reserve Bank. With respect to demand liabilities, these minimum reserves are calculated as a percentage of "net" demand deposits held in the commercial bank by its customers. Net demand deposits equal gross deposits minus the sum of cash items in process of collection and balances held in domestic commercial banks. In brief, the demand deposits against which… Expand
1 Citations
Economics of regulation: Credit rationing and excess liquidity
  • 1
  • Highly Influenced
  • PDF