required reserve

The minimum amount of money, as required by the Federal Reserve Board, that a bank must hold in the form of vault cash and deposits with regional Federal Reserve Banks. [Cases: Banks and Banking 351–359. C.J.S. Banks and Banking §§ 650–662, 676–678, 682–687, 746.]

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词条贡献者

双语律师Andrew，欧洲名校国际税法专业，擅长翻译各类与国际税法相关的法律文件。