21. This credit balance is not separated into separate " minimum reserves " and " excess reserves " accounts. 22. Cavallo was speaking after explaining changes announced by the central bank this morning to bank minimum reserve requirements. 23. The Bundesbank did, however, reduce its minimum reserve rates charged on bank deposits as of Aug . 1. 24. The bonds'terms require the department to keep a minimum reserve -- set by a formula-- in its operating account. 25. It has also loosened the minimum reserve for bank deposits, which essentially allows institutions to make more loans. 26. Currently, there are two minimum reserve requirements : 12 percent of short-term deposits, and 3 percent of long-term deposits. 27. Reductions in minimum reserve requirements and upgrades to German payment systems have made this form of money-market fine-tuning rare. 28. Reductions in minimum reserve requirements and upgrades to German payment systems have made this form of money-market fine-tuning rarer. 29. These were used primarily to manage minimum reserves , standing facilities and cash withdrawals, but also to settle ancillary systems transactions. 30. Tuesday's ruble slide came after the Central Bank lowered its minimum reserves requirement for the country's 1, 600 commercial banks.
