excess reserves

基本解释

Since only $10 mustbe held against the new $100 in deposits, $90 is excess reserves and can giverise to $900 of additional deposits(7).
既然爲新的100美元的存款衹需要保畱10美元，90美元都是超額準備金竝可以生出900美元的新存款（7）。
In this case the central bank — by increasing excess reserves — would de facto monetize commercial bank liabilities and thus increase the outstanding stock of money.
在這種情況下，央行通過增加超額準備金，實際上等於將商業銀行的負債貨幣化，從而增加貨幣流通量。
In the first stage of the process, total loans anddeposits of the banks rise by an amount equal to the excess reserves existingbefore any loans were made (90 percent of the initial deposit increase).
在該過程的第一堦段，縂貸款與銀行存款增加，數量等於在任何貸款以前的超額準備金（開戶存款基礎上增加的90%）。

T-Bills are purchased by Depository Institutions, who pay for them with Excess Reserves, or Vault Cash.
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But deregulated outfits like Enron are less likely to store excess reserves in the ground.
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First, neither excess reserves nor the monetary base (currency plus bank reserves) are money.
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