11. Belatedly, Federal Reserve officials attempted to sop up the excess reserves and finally succeeded in braking the boom. 12. This credit balance is not separated into separate " minimum reserves " and " excess reserves " accounts. 13. The banks have been saddled by an excess reserve amounting to 2 billion birr ( dlrs 233 million ), 14. Holding excess reserves has an opportunity cost if higher risk-adjusted interest can be earned by putting the funds elsewhere. 15. Any excess reserves are managed by the Abu Dhabi Investment Authority, which invests the money into various government projects. 16. Excess reserves in the banking system will fall dramatically and banks will be forced to curtail lending, the report warned.17. The banks had excess reserves , and lending rates were in the area of 26 to 29 percent, with few borrowers. 18. With excess reserves of crude oil and low refining margins, the global oil industry was in a state of chaos. 19. The Fed announced that it would begin paying such increased interest on both reserve and excess reserve balances on October 6, 2008. 20. However, banks are choosing to leave the great bulk of their excess reserves idle, in most cases on deposit with the Fed.
