Sweep activity: managing bank reserves in the Seventh District

Kelly Emery, Greg Gonzalez and Richard Stefanich

Chicago Fed Letter, 2008, issue Aug, No 253

Abstract: This article examines the evolution of retail sweep programs at banks throughout the Seventh Federal Reserve District. Such programs help banks reduce their reserve requirements, freeing up funds for investment.

Keywords: Bank; reserves (search for similar items in EconPapers)
Date: 2008
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