Currently, used primarily to segregate part of retained earnings, such as for a reserve for contingencies
the amount is determined by the Federal Reserve. Also known as Reserve Requirements
An unrealized holding gain in ending inventory, measured as the difference between LIFO and FIFO costs.
The capital reserves held by a financial institution in excess of the amount required by regulators, creditors, or internal standards
See Required Reserves
The governing body of the U.S. federal reserve system, consisting of seven Presidentially appointed members. It is the body responsible for monetary policy, overseeing the Federal Reserve Bank, and regulating member banks
A central bank’s holdings of gold and foreign currency; part of the balance of payments account.
The United States central bank, consisting of a central government agency and 12 regional banks. It is responsible for regulating the monetary and financial system.
The central bank of the United States, responsible for carrying out monetary policy for the country and establishing and monitoring banking regulatory policies.
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