Excess reserves

In banking, excess reserves are bank reserves in excess of a reserve requirement set by a central bank. They are reserves of cash more than the required amounts.

In the United States, bank reserves are held as FRB (Federal Reserve Bank) credit in FRB accounts; they are not separated into separate "minimum reserves" and "excess reserves" accounts. The total amount of FRB credit held in all FRB accounts, together with all currency and vault cash form the M0 monetary base. Holding excess reserves has an opportunity cost if higher risk-adjusted interest can be earned by putting the funds elsewhere. For banks in the U.S. Federal Reserve System, this is accomplished by making short-term (usually overnight) loans on the federal funds market to banks who may be short of their reserve requirements. However, some banks may choose to hold their excess reserves in order to facilitate upcoming transactions or meet contractual clearing balance requirements.

单词	Excess reserves
释义	Excess reserves 原声例句经济学人（视频版） Ordinary people can't access the interest rate on the excess reserves, but it still affects them. 普通人无法获得超额准备金的利率，但它仍然影响着他们。经济学人（视频版） Commercial banks lend those excess reserves to each other at an interest rate and they also can deposit their excess reserves at the central bank. 商业银行以利率将超额准备金借给彼此，也可以将超额准备金存放在中央银行。英语百科 Excess reserves In banking, excess reserves are bank reserves in excess of a reserve requirement set by a central bank. They are reserves of cash more than the required amounts. In the United States, bank reserves are held as FRB (Federal Reserve Bank) credit in FRB accounts; they are not separated into separate "minimum reserves" and "excess reserves" accounts. The total amount of FRB credit held in all FRB accounts, together with all currency and vault cash form the M0 monetary base. Holding excess reserves has an opportunity cost if higher risk-adjusted interest can be earned by putting the funds elsewhere. For banks in the U.S. Federal Reserve System, this is accomplished by making short-term (usually overnight) loans on the federal funds market to banks who may be short of their reserve requirements. However, some banks may choose to hold their excess reserves in order to facilitate upcoming transactions or meet contractual clearing balance requirements.
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