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All this creates ample free reserves in the banking system.
John French refused to break contact with the Belgians to the north to shorten the line and free reserves.
By means of open market operations, the Federal Reserve affects the free reserves of commercial banks in the country.
Free reserves - the amount by which excess reserves exceed borrowed reserves.
Calvert Tax Free Reserves led the way in New Jersey once again, with a yield of 4.41 percent, down from 4.5 percent.
Much of the employment in the sector is in service delivering charities that, our analysis suggests, have little in the way of assets or free reserves.
In New Jersey, the Calvert Tax Free Reserves, with a seven-day compound yield of 4.92 percent, was the top performer.
Meigs, A.J. (1962), Free reserves and the money supply, Chicago, University of Chicago, 1962.
Of the funds monitored by IBC/Donoghue's with assets larger than $100 million, Calvert Tax Free Reserves, was the best performer.
The top-performing fund in the category this week is the Calvert Tax Free Reserves Money Market fund, distributed by the Calvert Group Inc. in Washington.
Mr. Frank said the highest-yielding tax-exempt fund among those with assets greater than $100 million was Calvert Tax Free Reserves, with a seven-day compound yield of 5.02 percent.
To the extent that such shares are not paid up by capitalisation of the profit and loss account or other free reserves, distributable profits are not reduced by the amount of such dividends.
The leader in New Jersey funds again was Calvert N.J. Tax Free Reserves, reporting a seven-day compound yield of 4.5 percent, declining from 4.89 percent the previous week.
From its survey of tax-exempt funds with assets greater than $100 million, IBC/Donoghue's said the Calvert Tax Free Reserves/ California Money Market Portfolio outperformed the group, to yield 3.72 percent.
The Financial Services Authority (FSA) altered regulation as a consequence of this and other management failures to ensure that an insurance company keeps enough free reserves to protect the company in the event of falls in the markets.
In Connecticut, the Prudential Connecticut Municipal Money Market series led with a 4.55 percent seven-day compound yield, while in New Jersey, Calvert New Jersey Tax Free Reserves reported a 4.78 percent yield.
Since banks have more free reserves, they may loan out the money, because holding the money would amount to accepting the cost of foregone interest When a loan is granted, a person is generally granted the money by adding to the balance on their bank account.
Calvert Ranks High Among tax-exempt funds with assets of more than $100 million survyed by IBC/Donoghue's, Calvert Tax Free Reserves, distributed by the Calvert Group in Washington, outperformed the other funds this week by yielding 6.01 percent.
Calvert Has Top Return Of the tax-exempt funds with assets of more than $100 million that are monitored by IBC/Donoghue's, the Calvert Tax Free Reserves Money Market fund produced the best return on investment, with a yield of 5.20 percent.
Of the funds monitored by IBC/ Donoghue's with assets exceeding $100 million, the Calvert Tax Free Reserves Money Market fund was the best performer for the second week, with a seven-day compound yield of 5.11 percent, up from 5.02 percent a week ago.
They noted that bank reserves have been so ample that net free reserves (the excess reserves held by banks minus regular adjustment borrowings at the Fed's discount window) have averaged more than $1 billion the last four weeks and are expected to remain above that level in the two-week bank accounting period that ended yesterday.
Firstly, what will be the exact relationship between the ECB and the national central banks with regard to the management of the free reserves, that is, the reserves that fall outside the 39.46 billion euros that will be placed at the disposal of the Central Bank, in accordance with the Statute?
The Evergreen Tax-Exempt Money Market fund, the General California Tax-Exempt Money Market fund and the Calvert Tax Free Reserves Money Market fund all posted a 6.28 percent return, down 5 basis points from a week ago and 57 points better than the average.