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To: chic_hearne who wrote (56690)1/11/2001 12:16:06 AM
From: Archie Meeties  Read Replies (1) | Respond to of 436258
 
9850 on the DOW, so it seems. -g-



To: chic_hearne who wrote (56690)1/11/2001 5:06:42 AM
From: Oblomov  Respond to of 436258
 
US banks cannot put their reserves in the stock market. I'm not sure of the exact structure of the reserve reqs, but some of the reserves must be held in vault cash, some must be deposited in a Federal Reserve Bank, and some may be lent to other banks at the Fed Funds rate.