a point in time when highly intoxicated or in another state of mind, may result in streaking and/or skinny dipping and blurred memories of the night before.
by YouLikeThis-JMART May 23, 2011
Get the off the reservationmug. (FINANCE) the amount of bank reserves that a bank must keep in storage to meet unexpected liabilities.
Banks are not allowed to lend out 100% of the money they receive as deposits; if they did, then depositors would be unable to take money out of the bank. On the other hand, the bank has to lend most of the money out, since it needs the income earned from interest on loans. Throughout the history of the Usonian banking system, the US states or the federal government have had rules about interest rates, reserves, and financial accounting used by banks.
Reserve requirements are necessary to mitigate the risk of bank runs; this was thought to have disappeared thanks to deposit insurance, but Washington Mutual experienced a bank run in 2008 that forced it into receivership.
Banks are not allowed to lend out 100% of the money they receive as deposits; if they did, then depositors would be unable to take money out of the bank. On the other hand, the bank has to lend most of the money out, since it needs the income earned from interest on loans. Throughout the history of the Usonian banking system, the US states or the federal government have had rules about interest rates, reserves, and financial accounting used by banks.
Reserve requirements are necessary to mitigate the risk of bank runs; this was thought to have disappeared thanks to deposit insurance, but Washington Mutual experienced a bank run in 2008 that forced it into receivership.
In the USA, reserves have been set by law for centuries; as a percentage of liabilities, this percentage has declined over the centuries to its current level of 3-10% (as of 1992). In the Eurozone, this rate is 2%; in Japan, it is about 1.5%; and in Commonwealth countries like the UK & Canada, it is voluntary--there are no reserve requirements.
by Abu Yahya September 4, 2010
Get the reserve requirementsmug. Supposedly a bank started in 1913 by the USA govt for the people - this is a myth.
The Federal Reserve Bank is a privately owned and controlled organisation that now has to continuously print more and more money in order to devalue the dollar in order to cover the cost of printing and distributing that dollar in the first place.
These "BANKSTERS" then loan the money they make back to the American people + interest in order for Bush to finance WAR ON TERROR.
The Federal Reserve Bank is a privately owned and controlled organisation that now has to continuously print more and more money in order to devalue the dollar in order to cover the cost of printing and distributing that dollar in the first place.
These "BANKSTERS" then loan the money they make back to the American people + interest in order for Bush to finance WAR ON TERROR.
It is estimated that around 30% of the average americans wages is taken out of their pay check every year to pay the IRS for taxes that go to pay "interest" on the national defecit owed to the Federal Reserve Bank, none of this money goes towards schools, hospitals, or infrastructure.
There is no law that actually enforces you to pay this tax, everyone just pays it because they think they have to.
There is no law that actually enforces you to pay this tax, everyone just pays it because they think they have to.
by Jasminenz April 5, 2008
Get the Federal Reserve Bankmug. A Call of Duty Gaming Clan thats really awesome and dont play call of duty that much. (so cant call they fat nerds or anything.) they post vlogs and are cool
by WormyNado January 21, 2017
Get the red reservemug. by Jon Davis January 14, 2004
Get the Federal Reserve Banksmug. Is a malt liquor beverage with an alcohol content of (8.1%). It is a very cheap beverage, if you are broke this is the beverage for you! If you drink the 4pk, you are likely to get wasted.
by IllWill2617 September 16, 2013
Get the steel reserve 211mug. This is the banking system/process used to create the unlimited liability universe.
Basically creating credit and/or money by way of conjuring it into existence.
This provides a system where wealth and debt both
are not limited by anything but human imagination.
Basically creating credit and/or money by way of conjuring it into existence.
This provides a system where wealth and debt both
are not limited by anything but human imagination.
Fractional reserve banking will ensure that I live in a world of unlimited financial wealth and/or liability.
by Spiritual-Master December 10, 2021
Get the fractional reserve bankingmug.