LAGGED RESERVES
A method of bank reserve calculation that requires the financial institution to hold a certain level of reserves with the Federal Reserve bank. It must be equal to the overall deposit from two weeks in arrears.
This accounting system had been used by the Federal Reserve from 1960 to 1984 but the Fed decided to return to the lagged collection in 1998 to acquire more accurate data. This calculation is still being used today.
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Thierry Desmarest
Chairman, and former Chief Executive Officer and President of Total, one of the biggest oil and gas firms worldwide. During his tenure, the company ...
Bank Stress Test
Analysis done because of unfavorable economic scenarios that is needed to know if a bank has enough capital with the impact of the development. ...
Interest Rate
The amount charged by a lender to a borrower for using assets. Expressed as a percentage of principal, these are usually noted on an annual basis, ...
Cracking
Method of breaking down a larger product into smaller by-products. Used in the oil and gas industry, this can be accomplished by employing various ...
Quasi-Reorganization
This is a procedure where recapitalization is achieved through the elimination of the deficit that exists and the establishment of a new earned sur ...
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