Sterile Reserves

Business, Legal & Accounting Glossary

  1. Home
  2. Glossary
  3. Define: Sterile Reserves

Definition: Sterile Reserves

Sterile Reserves
Cite Term
Sources

Full Definition of Sterile Reserves

Bank deposits that are held in reserve to comply with requirements of the Federal Reserve Board. Banks are required to hold a certain percentage of their deposits in their vaults or at a Federal Reserve bank. The deposits do not earn interest. Also called reservable deposits.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/sterile-reserves/
Modern Language Association (MLA):
Sterile Reserves. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 23, 2024 https://payrollheaven.com/define/sterile-reserves/.
Chicago Manual of Style (CMS):
Sterile Reserves. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/sterile-reserves/ (accessed: April 23, 2024).
American Psychological Association (APA):
Sterile Reserves. PayrollHeaven.com. Retrieved April 23, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/sterile-reserves/

Definition Sources

Definitions for Sterile Reserves are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 16th November, 2021 | 0 Views.