required reserves

required reserves definition - business

required reserves

The reserves against deposits that commercial banks and thrifts are required to hold in either cash or deposits at the Federal Reserve. Compare excess reserves. See also reserve requirement.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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