商业银行管理Chap011.pptVIP

Estimating Liquidity Needs (continued) The Ultimate Standard for Assessing Liquidity Needs: Signals from the Marketplace Liquidity managers should closely monitor the following market signals: Public confidence Stock price behavior Risk premiums on CDs and other borrowings Loss sales of assets Meeting commitments to credit customers Borrowings from the central bank Legal Reserves and Money Position Management Legal Reserves Those assets that law and central bank regulation say must be held during a particular time period The current system of accounting for legal reserves is called lagged reserve accounting (LRA) The daily average amount of deposits and other reservable liabilities are computed using information gathered over a two-week period stretching from a Tuesday through a Monday two weeks later This interval of time is known as the reserve computation period The daily average amount of vault cash each depository institution holds is also figured over the same two-week computation period EXHIBIT 11–1 Federal Reserve Rules for Calculating a Weekly Reporting Depository Institution’s Required Legal Reserves Legal Reserves and Money Position Management (continued) Legal Reserves Only two kinds of assets can be used for this purpose Cash in the vault Deposits held in a reserve account with the regional Fed The reserve requirement in 2010 was 3 percent of the end-of-the-day daily average amount held over a two-week period, from $10.7 million up to $58.8 million The first $10.7 million have zero legal reserves The $58.8 million figure is known as the reserve tranche and changes every year based on deposit growth Transaction deposits over $58.8 million held by the same depository institution carried a 10 percent legal reserve requirement This annual legal reserve adjustment is designed to offset inflation Legal Reserves and Money Position Management (continued) Calculating Required Reserves The largest depository institutions must hold the largest percentag