A bank’s current account balances in excess of the reserve requirement (actual reserves above central-bank required reserves). – See reserve requirements, excess liquidity. – On the level of excess reserves, see the annex “Euro area statistics,” heading “Monetary statistics,” subheading “Reserve fulfilment” in the respective ECB Monthly Bulletin; ECB Monthly Bulletin of October 2005, p. 27 ff (excess reserves defined and explained in the context of the ECB’s monetary policy), ECB Monthly Bulletin of January 2008, p. 97 ff (advance estimate of excess reserves; many overviews: P. 103: Reasons why a bank holds excess reserves in the first place).
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