Definition of Official reserves

Official reserves

Holdings of gold and foreign currencies by official monetary institutions.

Excess reserves

Any excess of actual reserves above required reserves.

Free reserves

Excess reserves minus member bank borrowings at the Fed.

Official statement

A statement published by an issuer of a new municipal security describing itself and the issue

Official unrequited transfers

Include a variety of subsidies, military aid, voluntary cancellation of debt,
contributions to international organizations, indemnities imposed under peace treaties, technical assistance,
taxes, fines, etc.

Required reserves

The dollar amounts based on reserve ratios that banks are required to keep on deposit at a Federal Reserve Bank.

Excess Reserves

reserves of commercial banks in excess of those they are legally required to hold.

Foreign Exchange Reserves

A fund containing the central bank's holdings of foreign currency or claims thereon.

International Reserves

See foreign exchange reserves.

Official Settlements Account

An account within the balance of payments accounts showing the change in a country's official foreign exchange reserves. It is used to measure a balance of payments deficit or surplus.

Required Reserves

reserves that the central bank requires commercial banks to hold.

Reserves

Commercial banks' reserves consist of their holdings of cash and their balances in deposits with the central bank. See also foreign exchange reserves, excess reserves, required reserves, reserve requirement.

Cookie Jar Reserves

An overly aggressive accrual of operating expenses and the creation of
liability accounts done in an effort to reduce future-year operating expenses.

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