Proposals to Allow Federal Reserve Banks to Pay Interest on Reserve Balances : The Issues Behind the Legislation.
Reviews proposals in 107th Congress to allow the Federal Reserve System to pay interest on depository institution reserves held in Federal Reserve banks in order to encourage depository institutions to maintain higher reserves and avoid potential interest rate volatility. Discusses purposes of Feder...
| Corporate Authors: | , |
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| Format: | eBook |
| Language: | English |
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[Place of publication not identified] :
[publisher not identified],
2002.
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| Series: | U.S. Congressional Research.
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| Subjects: | |
| Online Access: | Connect to the full text of this electronic book |
| Summary: | Reviews proposals in 107th Congress to allow the Federal Reserve System to pay interest on depository institution reserves held in Federal Reserve banks in order to encourage depository institutions to maintain higher reserves and avoid potential interest rate volatility. Discusses purposes of Federal reserve balances; levels of reserve balances held in Federal Reserve banks; how depository institutions manage reserve balances; and financial impact of the Federal Reserve paying interest on balances. Provides Federal Reserve Board and Department of Treasury positions on various legislative initiatives in the 106th Congress. Includes graphs. |
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| Item Description: | Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed July 2010). Reuse except for individual research requires license from ProQuest, LLC. CRS Report. Electronic resource. |
| Physical Description: | 1 online resource. |