Legal Reserve
LEGAL RESERVE
Liquid assets that life insurance companies are required by statute to set aside and maintain to assure payment of claims and benefits. In banking, that percentage of bank deposits that must by law be maintained in cash or equally liquid assets to meet the demands of depositors.
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Federal Reserve Act , Federal Reserve Act (1913)
Andreas Lehnert
The question of how to regulate financial affairs was one of the earliest and most enduring problems facin… RESERVE , re·serve / riˈzərv/ • v. [tr.] refrain from using or disposing of (something); retain for future use: roll out half the dough and reserve the other h… Central Bank , Banking, Central
Central banking, the function of central banks, consists essentially of the exercise of the public duty of influencing—by regulation… Bank Mergers , Banking
This entry includes 9 subentries:
Overview
Bank Failures
Banking Acts of 1933 and 1935
Banking Crisis of 1933
Export-Import
Banks Investment… Financial disclosure , BANKING
This entry includes 9 subentries:
Overview
Bank Failures
Banking Acts of 1933 and 1935
Banking Crisis of 1933
Export-Import
Banks Investment… Federal Deposit Insurance Corporation , The Federal Deposit Insurance Corporation (FDIC) was created on June 16, 1933, under the authority of the Federal Reserve Act, section 12B (12 U.S.C.…
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Legal Reserve