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Definition of Reserve
An accounting entry that properly reflects the contingent liabilities.
Any excess of actual reserves above required reserves.
The central bank of the U.S., established in 1913, and governed by the Federal
Excess reserves minus member bank borrowings at the Fed.
Holdings of gold and foreign currencies by official monetary institutions.
The dollar amounts based on reserve ratios that banks are required to keep on deposit at a Federal reserve Bank.
A foreign currency held by a central bank or monetary authority for the purposes of
Specified percentages of deposits, established by the Federal reserve Board, that banks must
The percentage of different types of deposits that member banks are required to hold
The central bank in the United States, responsible for setting interest rates.
reserves of commercial banks in excess of those they are legally required to hold.
The twelve district banks in the Federal reserve System.
Board of Governors of the Federal reserve System.
The central banking authority responsible for monetary policy in the United States.
A fund containing the central bank's holdings of foreign currency or claims thereon.
A banking system in which banks hold only a fraction of their outstanding deposits in cash or on deposit with the central bank.
See foreign exchange reserves.
Legal Reserve Requirement
See reserve requirement.
reserves that the central bank requires commercial banks to hold.
A currency, frequently the U.S. dollar, that is used by other countries to denominate the assets they hold as international reserves.
See reserve requirement.
Fraction of total deposits that a commercial bank is required by the central bank to hold in the form of 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.
This calculation is used by states to determine the unemployment contribution rate to charge employers. The ongoing balance of a firmâ€™s unclaimed
Cookie Jar Reserves
An overly aggressive accrual of operating expenses and the creation of
Material that has been reserved for a specific purpose.
Bank for International Settlements (BIS)
An international bank headquartered in Basel, Switzerland, which
In the balance of payments, counterpart items are analogous to unrequited transfers in the
The interest rate that the Federal reserve charges a bank to borrow funds when a bank is
Facility provided by the Fed enabling member banks to borrow reserves against collateral
Specialized banking institutions, authorized and chartered by the Federal reserve Board
Eligible bankers' acceptances
In the BA market, an acceptance may be referred to as eligible because it is
Non-interest bearing deposits held in reserve for depository institutions at their district Federal
Federal funds market
The market where banks can borrow or lend reserves, allowing banks temporarily
Federal funds rate
This is the interest rate that banks with excess reserves at a Federal reserve district bank
Federal Home Loan Banks
The institutions that regulate and lend to savings and loan associations. The
A wire transfer system for high-value payments operated by the Federal reserve System.
Initial margin requirement
When buying securities on margin, the proportion of the total market value of
International Monetary Fund
An organization founded in 1944 to oversee exchange arrangements of
Actions taken by the Board of Governors of the Federal reserve System to influence the
Mutual funds are pools of money that are managed by an investment company. They offer
In the balance of payments, other capital is a residual category that groups all the capital
Fed regulation currently that required member banks to hold reserves against their net
Fed regulation currently requiring member banks to hold reserves against their net borrowings
Special drawing rights (SDR)
A form of international reserve assets, created by the IMF in 1967, whose
Subject to opinion
An auditor's opinion reflecting acceptance of a company's financial statements subject to
The reduction in utility of an inventory item or fixed asset. If it is an
The process whereby the banking system transforms a dollar of reserves into several dollars of money supply.
The interest rate at which the Fed is prepared to loan reserves to commercial banks.
The Federal reserve facility at which reserves are loaned to banks at the discount rate.
See Federal reserve System.
Federal Funds Rate
The interest rate at which banks lend deposits at the Federal reserve to one another overnight.
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.
Net income adjusted to exclude selected nonrecurring and noncash items of reserve, gain, expense, and loss.
Change in Accounting Estimate
A change in the implementation of an existing accounting
The current inventory balance, less allocated or reserved items.
Order penetration point
The point in the production process when a product is
As the term dividend relates to a corporation's earnings, a dividend is an amount paid per share from a corporation's after tax profits. Depending on the type of share, it may or may not have the right to earn any dividends and corporations may reduce or even suspend dividend payments if they are not doing well. Some dividends are paid in the form of additional shares of the corporation. Dividends paid by Canadian corporations qualify for the dividend tax credit and are taxed at lower rates than other income.
Level Premium Life Insurance
This is a type of insurance for which the cost is distributed evenly over the premium payment period. The premium remains the same from year to year and is more than actual cost of protection in the earlier years of the policy and less than the actual cost of protection in the later years. The excess paid in the early years builds up a reserve to cover the higher cost in the later years.
Registered Pension Plan
Commonly referred to as an RPP this is a tax sheltered employee group plan approved by Federal and Provincial governments allowing employees to have deductions made directly from their wages by their employer with a resulting reduction of income taxes at source. These plans are easy to implement but difficult to dissolve should the group have a change of heart. Employer contributions are usually a percentage of the employee's salary, typically from 3% to 5%, with a maximum of the lessor of 20% or $3,500 per annum. The employee has the same right of contribution. Vesting is generally set at 2 years, which means that the employee has right of ownership of both his/her and his/her employers contributions to the plan after 2 years. It also means that all contributions are locked in after 2 years and cannot be cashed in for use by the employee in a low income year. Should the employee change jobs, these funds can only be transferred to the RPP of a new employer or the funds can be transferred to an individual RRSP (or any number of RRSPs) but in either scenario, the funds are locked in and cannot be accessed until at least age 60. The only choices available to access locked in RPP funds after age 60 are the conversion to a Life Income Fund or a Unisex Annuity.
The net worth of a business, consisting of capital stock, capital (or paid-in) surplus (or retained earnings), and, occasionally, certain net worth reserves. Common equity is that part of the total net worth belonging to the common shareholders. Total equity includes preferred shareholders. The terms common stock, net worth, and common equity are frequently used interchangeably.
Mutual funds that seek to preserve capital. This type of fund invests primarily in short-term securities with an average term to maturity of one year or less, or in the case of money market funds, 90 days or less.
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