| 11. | Belatedly, Federal Reserve officials attempted to sop up the excess reserves and finally succeeded in braking the boom.
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| 12. | This credit balance is not separated into separate " minimum reserves " and " excess reserves " accounts.
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| 13. | The banks have been saddled by an excess reserve amounting to 2 billion birr ( dlrs 233 million ),
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| 14. | Holding excess reserves has an opportunity cost if higher risk-adjusted interest can be earned by putting the funds elsewhere.
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| 15. | Any excess reserves are managed by the Abu Dhabi Investment Authority, which invests the money into various government projects.
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| 16. | Excess reserves in the banking system will fall dramatically and banks will be forced to curtail lending, the report warned.
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| 17. | The banks had excess reserves, and lending rates were in the area of 26 to 29 percent, with few borrowers.
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| 18. | With excess reserves of crude oil and low refining margins, the global oil industry was in a state of chaos.
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| 19. | The Fed announced that it would begin paying such increased interest on both reserve and excess reserve balances on October 6, 2008.
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| 20. | However, banks are choosing to leave the great bulk of their excess reserves idle, in most cases on deposit with the Fed.
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