FED – FED releases results of survey of senior financial officers at banks about their strategies & practices for managing reserve balances

The FED on Monday released results of a survey of senior financial officers at banks about their strategies & practices for managing reserve balances. The Senior Financial Officer Survey is used by the Board to obtain information about deposit pricing & behavior, bank liability management, the provision of financial services, & reserve management strategies & practices. The most recent survey was conducted in collaboration with the Federal Reserve Bank of New York between September 18, 2020, & October 2, 2020, & includes responses from banks that held approximately three quarters of total banking system reserve balances at the time of the survey.

Information about the survey is available on the Board’s website. The September 2020 survey is attached.

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