If SunTrust banks have demand deposits of $10 billion, actual reserves of $2 billion, and the reserve requirement is 18 percent, the bank's excess reserves are $200 million.
Deposits of cash (or cash equivalents) with an entity that is a financial institution, such as a bank. Bank. A Deposit is a credit to the party (individual or organization) making the deposit, which may later be withdrawn (withdrawn), transferred to another party, or used for purchases, subject to the terms agreed at the time the deposit was made. I can do it. There are two types of deposits: demand and time. Demand deposits are traditional bank and savings accounts. You can withdraw money from your checking account at any time. A term deposit is a fixed deposit that usually pays out at a fixed rate of interest. Certificate of Deposit (CD).
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