excess reserves

The growth of reserves has led to an increase in the growth rate of the broader money aggregates, but less than proportionately because banks are still holding excess reserves.

准备金增加导致更广义货币总量的加速增长，但由于银行仍持有超额准备金，后者的增长低于比例。

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Negative rates on excess reserves.

负的超额准备金率.

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Banks currently receive 0.25 percent in interest on their excess reserves.

各家银行当前的超额准备金率为0.25.

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The financial markets shook with fear last month when the minutes of the Federal Reserve's meeting suggested that the US central bank might reconsider the costs of pumping nearly$ 1.7tn of excess reserves into the banking system.

上月，美联储（Fed）会议纪要表明，美联储可能重新考虑向银行业体系注入近1.7万亿美元超额准备金的成本，这导致金融市场出现恐慌。

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But today's huge supply of excess reserves means financial institutions can create trillions of dollars of loans and deposits, which will be highly inflationary.

但如今超额准备金的巨大供应意味着金融机构可以创造出数万亿美元的贷款和存款，这具有极高的通胀效应。

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The excess reserves thus seem to have taken on the status of a buffer, rather than actively participating in, and engendering, lending and economic activity.

因此，超额准备金似乎也带有某种缓冲性质，而非积极参与（或催生）放贷和经济活动。

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To eliminate these excess reserves, the Fed would have to sell more than half its nearly$ 3tn portfolio of Treasury bonds and mortgage-backed securities.

要消除这些超额准备金，美联储将不得不出售其持有的近3万亿美元国债和抵押贷款支持证券（MBS）的一半以上。

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Raising the rate of interest paid on excess reserves can make new bank loans less attractive, thus tempering overall credit creation.

增加超额准备金的利率可以降低银行新增贷款的吸引力，从而使总体的信贷供应趋于缓和。

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But it needs to reassure markets that it will prevent the excess reserves of the banks from financing a surge of inflationary lending when the economy begins to expand.

但它需要让市场相信，在经济开始扩张时，它不会让银行大举释出超额准备金，通过放贷助长通胀。

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The United States of America deposit extends insurance system is a good solution to the problem yields customer excess reserves, excess reserves allows customers to greatly reduce the probability of being misappropriated.

其中美国的存款延伸保险制度很好的解决了客户备付金的孳息问题，使得客户备付金被挪用的概率大大减小。

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The ratio of excess reserves of financial institutions averaged 8.3 percent , indicating strong payment capacity.

金融机构超额准备率平均为8.3%, 支付能力充足.

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Excess reserves, US dollars and even gold are now seen as extremely useful, counter-cyclical tools for future crises.

超额准备金、美元乃至黄金现在都被视为抵御未来危机的极其有用的反周期工具。

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Banks now have amounts of excess reserves, enabling them to make lots of net new loans.

现在银行持有巨额超额准备, 这使它们能够发放大量新贷款.

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It was previously "cautiously optimistic" it would be able to contain the inflationary pressures that could be unleashed by banks with a trillion dollars of excess reserves.

美联储此前曾“谨慎乐观”地表示，自己有能力控制坐拥1万亿美元超额准备金的银行业可能释放的通胀压力。

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In normal times , banks don't want excess reserves, which yield them no profit.

由于超额准备金无法带来收益, 因此银行通常不愿持有.

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The increase in banks' liquidity would do nothing since banks already have massive excess reserves.

由于银行已拥有巨额超额准备金，因此银行流动性增加同样不会起到任何作用。

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The result was the serious recession of 1937-38. Banks cut lending and sold assets to restore the cushion of excess reserves.

此举造成了1937-38年的严重衰退，银行被迫减少放贷并抛售资产，以恢复作为缓冲的超额准备金。

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Both for the protection of the interests of customers mainly from the third-party online payment of a regulatory, legislative excess reserves of perfection and customer management, and also founded a number of specific systems consistent with their actual.

二者对客户权益的保护主要从对第三方网络支付机构的监管、立法的完善及客户备付金的管理等方面实现，同时还创立了许多符合本国实际的具体制度。

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There are mainly related to the specific problems of form contract, the customer yields excess reserves ownership, accountability unauthorized payment problems, at the macro level there is lack of legislation, legal coordination, and monitoring and exit mechanism imperfect.

主要涉及的具体问题有格式合同问题、客户备付金的孳息归属问题、未授权支付的责任承担问题等，在宏观上还存在立法缺失、法律协调难、监管及退出机制不完善等问题。

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He said raising interest rates for excess reserves should play a central role in normalising short-term interest rates, while an overnight reverse repo facility could be useful in setting a floor for money market rates.

他表示，提升超额准备金利率应该在短期利率正常化过程中起到核心作用，而隔夜逆回购机制则有可能用来为货币市场利率设置下限。

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The Fed's decision to double the reserve requirements of banks in 1936-37 to reduce excess reserves in the banking system and prevent future inflation is a classic case of tightening too soon.

在1936-37年间，为了减少银行体系中的超额准备金，防止未来出现通胀，美联储将银行存款准备金要求提高了一倍，这成为过早收紧货币政策的一个典型案例。

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Instead of lending this money onto the real economy, banks have either hoarded it in excess reserves or invested it in government bonds.

银行没有把这部分资金贷给实体经济部门，而是囤积于超额准备金，或者投资于政府债券。

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The central bank bill is a short-term debt instrument issued by central bank which purposes to regulate the commercial banks' excess reserves.

央行票据是中央银行为调节商业银行超额准备金向金融机构发行的短期债权债务凭证，其实质是中央银行债券。

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Traditional monetary policy has already done what it can: short-term interest rates are close to zero, commercial banks hold a trillion dollars of excess reserves, and the money supply is growing more rapidly than nominal gross domestic product.

传统货币政策已尽其所能：短期利率接近于零，商业银行坐拥1万亿美元超额准备金，货币供应增长速度超过名义国内生产总值（GDP）。

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A trillion dollars of excess reserves remains parked, largely immobile, at Federal Reserve banks yielding only 25 basis points with little evidence of banks seeking higher returns through increased lending.

1万亿美元的超额准备金依然好好地存放在美联储（基本未动），收益率只有25个基点。没有迹象表明，银行寻求通过增加放贷来提高这些资金的收益率。

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Under the label of QE, the Fed will buy long-term government bonds, perhaps one trillion dollars or more, adding an equal amount of cash to the economy and to banks' excess reserves.

根据定量宽松的定义，美联储将购买长期政府债券，数额可能高达1万亿美元或更高，由此向经济和银行超额准备金注入同等数额的现金。

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The excess reserves of the banking system have ballooned from less than$ 3bn a year ago to more than$ 700bn ( 536bn, 474bn) now.

银行体系的超额准备金从一年前的不到30亿美元，飙升至目前的逾7000亿美元。

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Excess reserves refer to the part of deposits that surpasses required reserve.

超额储备金指的是超过法定储备的那部分存款.

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This implies that a 15 per cent reserve requirement on deposits would absorb almost all the excess reserves now in the banks.

这意味着，15%的存款准备金率将吸收银行目前几乎所有的超额准备金。

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This will be harder if the amount of excess reserves is doubled.

如果超额准备金规模增加一倍，这一任务将变得更为艰难。

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