Definition 1.
Funds deposited by commercial banks at Federal Reserve Banks. Designed to enable banks temporarily short of their reserve requirement to borrow reserves from banks having excess reserves.
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Definition 2.
Funds deposited to regional Federal Reserve Banks by commercial banks, including funds in excess of reserve requirements.
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Definition 3.
Noninterest-bearing deposits held in reserve for depository institutions at their district Federal Reserve Bank. Also, excess reserves lent by banks to each other.
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Definition 4.
Reserve balances maintained by Federal Reserve System member banks that are above the required amount to back up deposits. Also called fed funds.
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