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1·equals: Excess reserves . . . . . . . . . . . . . . . . . 9,000

结余：超额准备金 ….

2·Moreover, Banks have been happy to hold much of that new money as excess reserves.

再者，银行都乐意将那些新钱当作额外储备。

3·Excess reserves refer to the part of deposits that surpasses required reserve.

超额储备金指的是超过法定储备的那部分存款。

4·However, what if Banks use their increased excess reserves to pay down their debt vis-a-vis their clients?

然而，如果银行利用其增多的超额储备金来偿还所欠客户的债务，结果又如何呢？

5·For institutions that can hold reserves at the Fed, excess reserves are essentially equivalent to Treasury bills.

对那些在美联储存有准备金的机构来说，超额准备金基本上等同于中期国债。

6·The ratio of excess reserves of financial institutions averaged 8.3 percent, indicating strong payment capacity.

金融机构超额准备率平均为8.3%，支付能力充足。

7·And on Monday, the Fed said it would begin to pay interest on Banks' excess reserves and required reserve requirements.

同样是周一，联储还表示将为银行的法定储备和超额储备支付利息。

8·On the liability side of the Fed's ledger, excess reserves that pay close to zero interest have expanded by about $1 trillion.

在美联储资产负债表的负债部分，零利率的超额准备金增加了大约1万亿。

9·It sees excess reserves as a problem only if they overwhelm its ability to raise the federal funds rate when need arises.

它把过多的储备金看成一个问题只有当储备金超过自身能力来上调联邦资金率当需求上升时。

10·In America, for instance, paying Banks higher interest on excess reserves will sound to many like handing money to villains.

譬如，在美国，给银行的超额存款储备金支付更高的利息听起来就像是助纣为虐。