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Principal Investigator(s): Allen, Donald S., Federal Reserve Bank of St. Louis
These data on daily vault cash balances in the Eighth Federal Reserve District were examined to see if banks have been optimizing their vault cash levels. Recent reductions in reserve requirements have not been accompanied by significant reductions in vault cash. This situation suggests that banks may be managing vault cash reserves primarily as precautionary balances to satisfy daily fluctuations in deposits and withdrawals, rather than as part of total reserve management. In 1997, some larger banks instituted formal management of vault currency. If this practice spreads, it will have implications for monetary policy and cash operations.
These data are flagged as replication datasets and are distributed exactly as they arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigator(s) if further information is desired.
These data are freely available.
Allen, Donald S. How Closely Do Banks Manage Vault Cash?. ICPSR01194-v1. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 1999-04-30. doi:10.3886/ICPSR01194.v1
Persistent URL: http://doi.org/10.3886/ICPSR01194.v1
Scope of Study
Geographic Coverage: United States
Data Collection Notes:
(1) The file submitted is 9807DA.EXE, which unzips into the data file 9897DA.DAT. (2) These data are part of ICPSR's Publication-Related Archive and are distributed exactly as they arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigator(s) if further information is desired.
Original ICPSR Release: 1999-04-30
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