If the sum of required reserve and contractual clearing balances declined to a very low level so that depositories held balances at Reserve Banks on the margin only to meet possible payments out of their accounts late in the day, the demand for balances would be more variable from day to day and more difficult to predict.
I am very sure that participants will benefit much from our knowledgeable speaker whose input is certainly conducive to enhancing the reputation of our financial industry. Thank you! 2  BIS Review 151/2009