Reserve Requirements Quotes

I think it would be interesting to know about the Federal Reserve. I think we should audit the Federal Reserve - it's taxpayer's money that's being used there.

The monetary policy instruments which Russia has at its disposal are pretty well developed.

The banks have accounts with the Fed, much the same way that you have an account in a commercial bank.

Almost every aspect of its (Federal Reserve) history should be approached with a discriminating disregard for what is commonly taught or believed.

A higher IOER rate encourages banks to raise the interest rates they charge, putting upward pressure on market interest rates regardless of the level of reserves in the banking sector. While adjusting the IOER rate is an effective way to move market interest rates when reserves are plentiful, federal funds have generally traded below this rate.

And turns out, it's not Republicans throwing granny off a cliff... It's the Fed!?

And what did the banks do to earn this perpetually flowing river of wealth? Did they lend out their own capital obtained through investment of stockholders? Did they lend out the hard-earned savings of their depositors? No, neither of these were their major source of income. They simply waved the magic wand called fiat money.

Central banking often comes across as obscure and complicated, and we try to help the public understand what we do.

There's no hidden secrets going on in the Federal Reserve...

There is no entity in the world that controls our lives more than the Federal Reserve System

When they so-called 'target the interest rate', what they're doing is controlling the money supply via the interest rate. The interest rate is only an intermediary instrument.

Having examined the nature of fractional reserve and of central banking, and having seen how the questionable blessings of Central Banking were fastened upon America, it is time to see precisely how the Fed, as presently constituted, carries out its systemic inflation and its control of the American monetary system.

The whole profit of the issuance of money has provided the capital of the great banking business as it exists today.

The regional Federal Reserve banks are not government agencies. ...but are independent, privately owned and locally controlled corporations

I know very well about the necessary level of reserves of the Central Bank as well as the purpose.

Our Federal Reserve has unlimited money raising powers.

And let the Fed sell bonds to bring bank reserves back down to required reserve levels, so we have restraint on bank lending and bank issuances of liability.

Paying interest on reserve balances enables the Fed to break the strong link between the quantity of reserves and the level of the federal funds rate and, in turn, allows the Federal Reserve to control short-term interest rates when reserves are plentiful.

The Central Bank should have a permanent window for discounting high quality securities where banks could go and discount these. It gives peace of mind to the banks. In the absence of this facility, what banks tend to do is to keep a liquidity cushion for emergency requirements. This is a very expensive way of managing liquidity.