| 1. | Or has heard of lending and borrowing of excess reserves at LIBOR?
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| 2. | On March 20, 2013, excess reserves stood at $ 1.76 trillion.
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| 3. | Large amounts of excess reserves currently exist in the banking system,
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| 4. | Any excess reserve we have is because of the income tax,
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| 5. | In the first week, the reported excess reserves every day.
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| 6. | Any amount of reserves over and above those required by law are known as excess reserves.
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| 7. | If reserves get to the point where we feel we have excess reserves, we lower our premiums.
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| 8. | The Fed's lending activities have indeed resulted in a large increase in the excess reserves held by banks.
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| 9. | In banking, "'excess reserves "'are bank reserves in excess of a reserve requirement set by a central bank.
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| 10. | Commercial banks can freely withdraw in cash any excess reserves from their reserve account at the Federal Reserve.
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