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Keywords:Bank Reserves 

Journal Article
How Have Banks Responded to Declining Reserve Balances?
Sengupta, Rajdeep; Marsh, W. Blake (2019-08-21)
Reserve balances have declined by more than $1 trillion since 2014, leading banks to increase their holdings of other high-quality assets to meet liquidity requirements. However, the composition of these assets varies substantially across banks, suggesting the drivers of demand for reserves are not uniform.
Economic Bulletin , Issue August 21, 2019 , Pages 4

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