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Glossory - Central bank'sbalancesheet Currencytodeposit...

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Central  bank's balance sheet    The statement of the assets and liabilities of the central bank. Currency-to-deposit  ratio    The ratio of publicly held currency to demand deposits held at commercial banks. Deposit expansion  multiplier    The formula for the increase in commercial bank deposits following a one-dollar increase  in reserves. Discount loans    A loan from the Federal Reserve to a commercial bank. Excess reserves    Reserves in excess of required reserves. Excess reserve-to- deposit ratio    The ratio of banks' excess reserves to their demand deposit liabilities. Float    A loan from the Federal Reserve to the commercial banking system that is the result of the  workings of the check-clearing process. Foreign exchange  intervention    The purchase or sale of foreign exchange by government officials with the intention of  moving the nominal exchange rate.
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