reserve account
noninterest earning balance that depository financial institutions maintain with a Federal Reserve Bank or with a correspondent bank to satisfy the Fed's reserve requirements .
reserve account
E-Commerce
reserve funds covering possible disputed charges funds from a merchant's credit card transactions held in reserve for a predetermined time by the merchant account provider to cover possible disputed charges.
CONTEMPORANEOUS RESERVE ACCOUNTING - An accounting method that allows member banks of the Federal Reser...
CONTEST OF A WILL - Legal proceedings to prevent or alter distribution of estate assets as described in...
Reserve Accounts:
Accounting provisions made for anticipated events, such as a judgment in a lawsuit. Usually taken out of shareholders' equity.
Reserve Requirements: ...
reserve account
A type of credit enhancement used in some asset backed securities. The reserve account may be created by an initial deposit from the seller and may be augmented over time by the application of funds from excess servicing income.
Reserve Account
An account which is maintained by depositing undistributed parts of profit for future needs is called as a reserve account.
Reserve Requirements ...
Reserve accounts - Reserve accounts are usually set up to make a balance sheet clearer by reserving or apportioning some of a business's capital against future purchases or liabilities (such as the replacement of capital equipment or estimates ...
Reserve Account: A separate cash account used to meet future payment obligations such as debt service, maintenance, or capital expenditure.
Reserve account
A separate amount of cash or letter of credit to service a payment requirement such as debt service or maintenance.
Federal reserve accounts contain federal reserve credit, which can be converted into federal reserve notes. Private banks maintain their bank reserves in federal reserve accounts.
To promote efficiency in the payments system and provide certainly about the date that deposited funds will become available to the receiving depository institutions (and the payee), the Federal Reserve credits the reserve accounts of banks that ...
"The Bank can create new money electronically by increasing the balance on a reserve account. So when the Bank purchases an asset from a bank, for example, it simply credits that bank's reserve account with the additional funds.
The surety contract also requires the bail agent to make payments into a reserve account, commonly called a build up fund, or BUF account. This fund is held in trust for the agent by the surety company in a separate account in a financial institution.
When banks have more cash than they're required to in their reserve accounts, they can deposit the money in a Federal Reserve bank or lend it to another bank overnight.
Member banks use their reserve accounts with the reserve banks in much the same way that a bank depositor uses his checking account.
The Reserve Banks debit the commercial banks' reserve accounts as payment for the notes their customers demand. When the demand for notes falls, the Reserve Banks accept a return flow of the notes from the commercial banks and credit their reserves.
CRA
Community Reinvestment Act, Contemporaneous Reserve Accounting
Our Favorite Sites
Loras College
Maryland Dept. of Business & Economic Development
MetLife online
New York Stock Exchange
Notre Dame ...
An SEC rule requiring broker/dealers to establish separate reserve accounts into which customer credit balances are maintained, and prohibiting them from using customer balances to finance their own trading.
The Federal Reserve funds transfer system. Fedwire is used for transferring reserve account balances of depository institutions and government securities. Fedwire is also used for the settlement of other clearing systems, such as CHIPS.
Let's say your goal is to put three months' worth of your income into a reserve account. It is then logical that you spend 80% of your pay while the balance would be put into a savings-type account.
Federal Funds Rate - The rate of interest paid by banks to each other for overnight loans of funds on deposit in the reserve accounts at the Federal Reserve. The rate is determined by the aggregate supply and demand for banking system reserves.
Occurs when a clearinghouse bank issues a payment during the day that is in excess of the originator's reserve account balance. Daylight overdrafts must be covered by the end of the business day.
RULE 15c3-3 " Known as the Customer protection Rule. It requires a broker/dealer to establish a special reserve account for the protection of its customers.
Reserves A depository institution's vault cash (up to the level of its required reserves) plus balances in its reserve account (not including funds applied to its required clearing balance).
Posting when services are delivered at their expected billing rate. Yes. It is a little risky as some unbilled services will never get billed. But most will. And that's what reserve accounts are for, as we will discuss in the next section.
For example, in the U.S., where the Federal Reserve guarantees direct clearers' payments during the day, banks' reserve accounts at the U.S. Federal Reserve Bank often becomes negative within the banking day.
banks in their regions follow Federal Reserve rules, such as meeting reserve requirements and adhering to reporting standards. The Federal Reserve bank is also your bank's bank. Your local bank can deposit funds in its Federal Reserve account and ask ...
customer protection rule An SEC rule requiring broker/dealers to establish separate reserve accounts... Customer Relationship Management Abbreviated as CRM. Those aspects of a business strategy which relate to techniques...
[NYMEX] bad debt reserve A reserve account maintained by thrift institutions and used to offset losses from foreclosed or uncollectable loans.
 See also: Banks, Acquisitions, Expense, Federal Reserve Bank, Saving
  
|
RSS
