1981 1982 1983 1984 1985 1986 a. Required balances equal required reserve balances plus required clearing balances. SOURCE: Board of Governors of the Federal Reserve System. 1987 1988 1989 1990 1991 1992 1993 12. For example, see Neil Jacoby, "The Structure and Use of Variable Bank Reserve Requirements," in Deane Carson, ed., Banking and Monetary Studies, Homewood, 111.: Richard D. Irwin, Inc., 1963. 14. See Spence Hilton, Ari Cohen, and Ellen Koonmen, "Expanding Clearing Balances," in Ann-Marie Meulendyke, ed., Reduced Reserve Requirements: Alternativesfor the Conduct of Monetary Policy and Reserve Management, Federal Reserve Bank of New York, April 1993, pp. 109-35.
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