Money and Banking: An Introduction to the Financial System [by] W. H. Steiner, Eli Shapiro [and] Ezra Solomon |
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Page 263
... position of member banks . The reserve position , at any point of time , reflects two factors . One factor is the required level of reserves , i.e. , the volume of deposits which member banks are legally required to hold at the Federal ...
... position of member banks . The reserve position , at any point of time , reflects two factors . One factor is the required level of reserves , i.e. , the volume of deposits which member banks are legally required to hold at the Federal ...
Page 305
... position of the banking system is subject at all times to various types of pressures . Many of these are short - run , tempo- rary disturbances , which if left unchecked would cause unnecessary and disrupting gyrations in reserve positions ...
... position of the banking system is subject at all times to various types of pressures . Many of these are short - run , tempo- rary disturbances , which if left unchecked would cause unnecessary and disrupting gyrations in reserve positions ...
Page 306
... positions can be offset . Figure 13-1 shows the cumulative impact on the reserve position which changes in these three factors had during the last half of 1955 . As can be seen in Figure 13-1 , float outstanding may vary as much as $ 1 ...
... positions can be offset . Figure 13-1 shows the cumulative impact on the reserve position which changes in these three factors had during the last half of 1955 . As can be seen in Figure 13-1 , float outstanding may vary as much as $ 1 ...
Contents
Money and Economic Activity | 3 |
Monetary Systems | 25 |
The American Monetary System | 40 |
Copyright | |
27 other sections not shown
Common terms and phrases
amount assets bank's bankers banking system billion bills Board of Governors borrowing branch banking cash central bank changes Chaps checks circulation commercial banks commodity consumption Corporation debt demand deposits deposit account depositors discount dollar economic activity effect employment excess reserves exchange rates expansion expenditures exports factors Federal Reserve Act Federal Reserve banks Federal Reserve notes Federal Reserve System finance foreign exchange funds gold standard government securities important increase inflation institutions interest rates issues lending level of income liabilities liquidity loans and investments member bank reserve ment monetary policy monetary stock money market national bank national income open-market operations output payments percent period price level production propensity to consume purchases quantity theory rate of interest reduce Reserve authorities reserve balances reserve position reserve requirements rise savings short-term silver stability stock of money supply tion trade transactions Treasury currency volume York