| 1. | Already, the six-month loss wiped out 25 percent of Blue Cross'statutory reserves.
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| 2. | Another sterilisation measure would be to increase the statutory reserve requirements.
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| 3. | Thus, for example, statutory reserves may have to be adjusted abruptly up and down.
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| 4. | The difference, combined with income on and release of statutory reserves, represents future profit.
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| 5. | First let us analyse the term, statutory reserve requirements.
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| 6. | Statutory reserves are non-interest earning deposits of banks that are kept with the central bank.
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| 7. | Statutory reserves are non-interest earning deposits of banks which are kept with the central bank.
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| 8. | Apart from the Statutory Reserve Ratio, banks are also required to hold what is called liquid assets.
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| 9. | Statutory reserves cover mostly non-interest-earning deposits and deposit substitutes of banks, which are kept with the Central Bank.
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| 10. | An example is the recent reduction in statutory reserve ratio from 13.5 per cent to 10 per cent.
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