Money and U.S. Banking Reserves

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Excerpt from the Economic Review, of the Federal Reserve Bank of Kansas, Second Quarter, 1997;

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Monetary Policy Without Reserve Requirements:
Case Studies and Options for the United States.
by Gordon H. Sellon, Jr., and Stuart E. Weiner

Reserve Balances have Declined; -Page 5;
I. - Declining Reserve Balances: Analytical Issues - Page 6;
II. - Operating Without Reserve Requirements: Case Studies - Page 9;
III. - Reserve Requirements and Interest Rate Volatility - Page 17;
IV. - Implications for the United States, Page 22;
V. - Summary and Conclusions, Page 25;
ENDNOTES- Page 26;
REFERENCES, Page 29.

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