Required Clearing Balances
描述了美联储必需清算余额的鲜为人知的规则，分析了这一相对新现象的日益普及及其对货币政策制定和衡量的影响。
A description of the little-known rules governing the holding of required clearing balances at the Federal Reserve Banks, a look at the growing popularity of this relatively new phenomenon, and an analysis of its impact on the setting and measuring of monetary policy.