Journal Article
Reducing Federal Reserve float
Wolkowitz, Benjamin; Lloyd-Davies, Peter (1979-12)
Federal Reserve Bulletin , Issue Dec , Pages 945-950

Discussion Paper
How Do Large Banks Manage Their Cash?
Sarkar, Asani; Levine, Jeffrey (2019-07-17)
As the aggregate supply of reserves shrinks and large banks implement liquidity regulations, they may follow a variety of liquidity management strategies depending on their business models and the interest rate differences between alternative liquid instruments. In this post, the authors provide new evidence on how large banks have managed their cash?the largest component of reserves?on a daily basis since the implementation of liquidity regulations.
Liberty Street Economics , Paper 20190717

Journal Article
How closely do banks manage vault cash?
Allen, Donald S. (1998-07)
This article examines daily vault cash balances in the Eighth Federal Reserve District 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 then part of total reserve management. In 1997, some larger banks instituted formal management of vault currency. If this practice spreads, it will have implications ...
Review , Issue Jul , Pages 43-54

Journal Article
Managing the public's cash
Wilson, Ruth (1977)
FRBSF Economic Letter

Journal Article
Interest on business checking accounts?
Keeley, Michael C. (1986)
FRBSF Economic Letter

Conference Paper
United States postal service use of ACH for cash concentration
Morris, Russell D. (1980)
Proceedings

Report
Bank commitment relationships, cash flow constraints, and liquidity management
Morgan, Donald P. (2000)
Evidence in this paper suggests that a close banking relationship--a loan commitment in particular--relaxes cash flow and cash management constraints on firms. Given firms' prospects (Q), the investment and cash flow correlation is substantially lower when firms have a bank loan commitment. The difference in cash flow sensitivity reflects differences in firms' cash management practices in the face of cash flow shocks. Firms with a commitment simply run down their stocks of cash (or borrow more) when their cash flow falls but their investment prospects remain strong. The different ...
Staff Reports , Paper 108

Working Paper
Who holds cash? and why?
Schnure, Calvin (1998)
Cash holdings of nonfinancial firms range widely, and are related to firm size, industry and access to the public bond market. Cash holdings are positively correlated with agency proxies, suggesting that firms that cannot borrow easily due to agency problems hold greater cash stocks--perhaps as a cushion to prevent shortfalls in cash flow from impinging on investment. However, this correlation holds only for the very highest cash holders, especially small firms. The group of afflicted firms appears to be less than one-quarter of COMPUSTAT firms. Agency proxies are irrelevant for a large ...
Finance and Economics Discussion Series , Paper 1998-13

Speech
Corporate cash balances and economic activity: a speech at the American Enterprise Institute, Washington, D.C., July 18, 2006
Warsh, Kevin M. (2006)
Speech , Paper 225

Journal Article
Methods of cash management
Carlson, John B. (1982-04)
A description of cash management methods, covering collection, disbursement, and investment techniques. Topics include lock boxes, wire transfers, depository transfer checks, controlled disbursement, zero balancing, money-market instruments, and sweeping arrangements.
Economic Commentary , Issue Apr