The new monetary system, with its stringent audits and minimum reserve standards, assumed the role that clearing houses had played.
32.
Germany's share of the profit could be cut further if the ECB adopts a looser minimum reserve policy than the Bundesbank.
33.
Additionally, the central bank left unchanged its requirement for the minimum reserves banks in the Fed system must leave on deposit.
34.
The Bundesbank requires commercial banks to keep minimum reserves with the central bank as a control on liquidity in the banking system.
35.
The minimum reserve requirements serve as a tool targeting at regulating the banking system liquidity and stabilizing the money market interest rates.
36.
Growing awareness that minimum reserves were a competitive handicap for German banks led the Bundesbank to relax the rules in several steps.
37.
Meanwhile, Duisenberg said the European Central Bank will implement use of the controversial minimum reserve requirement to stabilize European money market rates.
38.
Additionally, the central bank left unchanged its requirement for the minimum reserves commercial banks must leave on deposit with the Federal Reserve System.
39.
The only bid on this block of spectrum did not meet the minimum reserve price, and thus the shared network was never realized.
40.
For coverage plans that have additional benefits, a minimum reserve surplus of $ 500, 000 to $ 2, 000, 000 must be established.
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