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It protects public deposits.
Eulalia Doyle
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What is the formula for actual reserve?
excess reserve plus the reserve requirements
Purpose of the legal reserve?
The legal reserve is designated as the set amount of federal deposits utilized as safe and secure assets created to meet liquidity requirements for the U.S. Federal Bank.
What is the purpose of QED requirements?
What is the purpose of QD requirements
The of the Federal Reserve has the power to raise or lower the reserve requirements of member banks?
board of government
Why are saving accounts not subject to the fed reserve requirements?
savings accounts are not subject to the Fed's reserve requirements because savings accounts are not as liquid as checking accounts.
The president of the Federal Reserve has the power to raise or lower the reserve requirements of member banks?
no the board of governors
In What reference to Federal Reserve policy what are reserve requirements?
the percentage of a bank's total deposits that must be kept in its possession
In reference to federal reserve policy what are reserve requirements?
the percentage of a bank's total deposits that must be kept in its possession
What are reserve requirements In reference to Federal Reserve policy?
the percentage of a bank's total deposits that must be kept in its possession
Who is directly responsible for setting reserve requirements?
Board of Governors
What is the structure of reserve requirements?
As of October 2005, the structure of reserve requirements was 0 percent for all checkable deposits up to $7 million (the exemption), 3 percent for such deposits from above $7 million to $47.6 million (the low-reserve tranche),
What is the purpose of the Federal Reserve Board?
The Purpose of the United States Federal Reserve Board is that of a governing body to oversee and make important decisions to do with the Federal Reserve Bank and the United States' currency and monetary issues.
