Sentences with phrase «created by depository institutions»
Rather than the Fed pursuing a policy resulting in some steady rate of growth in the money supply, I would suggest that the Fed attempt to produce a steady rate of growth in the sum of the credit it creates and the credit created by depository institutions, i.e., commercial banks, savings associations and credit unions.
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The reserve amount is specified by the Federal Reserve Board's Regulation D. Regulation D created a set of uniform reserve requirements for all depository institutions with transaction accounts, and requires banks to provide regular reports to the Federal Reserve.
The reserve amount is specified by the Federal Reserve Board's Regulation D. Regulation D created a set of uniform reserve requirements for all depository institutions with transaction accounts, and requires banks to provide regular reports to the Federal Reserve.