Nonmember banks already are able to use such pass-through reserve accounts. 10.
Funds should also be required to hold a sufficiently large share of cash and highly liquid assets to manage increased liquidity needs stemming from outflows or margin calls in periods of 3/4  BIS central bankers' speeches  stress. During the spring turmoil, increasing margin calls helped to ensure that the extraordinary market volatility did not result in concerns about counterparty risk.