Reserve requirements are set by central banks and dictate the minimum amount of reserves that a financial institution must hold against its deposit liabilities. Essentially, they help ensure that ...

Interest rate that a central bank pays to banks on funds that are statuatory reserve requirements as well as the reserves that are in excess of the required reserves. Related: Excess Reserves.

The MBA sector can send their comments on the proposal to the IC’s Actuarial Division until Jan. 6. Policy reserves are the dues MBAs are required to collect from its members, which are used for the ...