LeoGlossary: Vault Cash
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10 months ago
Aug 01 2022 9:49 pm- 1 minutes read
This is the amount of physical cash that a bank or financial institution has on hand. It is equivalent to the amount of money in the vault.
Vault cash is part of the total bank reserves the depository institution is holding.
The average end-of-day holdings of vault cash over the computation period can be used to satisfy some or all of an institution's reserve requirement in the corresponding maintenance period.
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