The memo said Delta's cash reserve have dropped below the point at which the company had said it would seek bankruptcy protection.
"On accounting fraud, we're looking at housing developers who may have reported cash reserve accounts to reflect falsely inflated values, " he told CNN.
Mr. Chidambaram's comments add support to the view among some investors and analysts that the central bank will also cut banks' cash reserve ratio to help banks tide over the liquidity crunch.
For example, you didn't mention that the recent interest-rate rise on January 31st followed both an unexpected increase in the cash reserve ratio by the central bank and cuts to import duty on several items by the government in order to check inflation.
In a September letter to the commission, the groups cited Linen's N' Things, a home goods retailer that is honoring its cards despite not having an adequate cash reserve on its books to fund them, which could raise arguments from more senior creditors in bankruptcy court.
The Central Bank of China lowered reserve requirement ratios, which gives banks more money to loan rather than keeping cash on reserve.
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Hopefully this pile of reserve cash can offset the sting of money soon to be lost.
So we are able to create a cash bucket, which is designed for those immediate distributions, and then we have a reserve bucket that is designed to reserve that cash so that the client knows that it is safe for those future distributions.
Banks then order more cash from their local Federal Reserve Banks, which have their own inventories of pre-circulated and newly-printed cash stored in large vaults.
So for a relatively short period of 18-24 months, the government will substitute revenue fall-out from weak oil prices with their reserve fund cash.
When Reserve Bank inventories of fit cash run down to certain levels because of the destruction of unfit notes, the Reserve banks order new notes from the Bureau of Engraving and Printing, a division of the Treasury Department.
The complaint against one of the Dominican Republic gang members allegedly involved in the theft states that thousands of dollars' worth of stolen cash was deposited into two Liberty Reserve accounts via currency centers based in Siberia and Singapore.
Chinese banks whose business is being squeezed by high reserve requirements are continuing to raise cash.
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"It means cash when their employees get called out on reserve service, " he told the BBC's Sunday Politics.
After all, other than its yield, is cash held in the form of liquid Treasury notes all the different than cash held in the vaults of the Federal Reserve, especially when the Federal Reserve stands ready to buy those Treasury notes from any and all too-big-to-fail sellers essentially on demand, if need be?
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The prepaid card is the fastest growing non-cash method of payment, according to the Federal Reserve.
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They turn to things like pre-paid debit cards which according to the Federal Reserve is the fastest growing non-cash method of payment.
The Reserve Banks will run the newly deposited cash through highly sophisticated automated machines that count it, detect counterfeits, and destroy bank notes deemed unfit for re-circulation.
Their official reason for building up a cash hoard in the first place was to create a reserve for Microsoft's legal battles, all stemming from its alleged monopolistic abuses.
The Federal Reserve has been flooding the banking system with cash, so much so in the last week that it has pushed the effective overnight interest rate below the central bank's target 2%.
Evercore Partners analyst Andrew Marquardt maintains his overweight rating on the stock and highlights the revised capital plan the bank will be submitting to the Federal Reserve, which will determine its ability to deploy cash to shareholders, as a factor to watch.
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The Reserve Bank tries to cope by offering a sort of cash exchange.
On balance, is the global cash glut mainly the result of the U.S. Federal Reserve's loose money and the resulting lax loans?
One reason China is setting up its sovereign wealth fund now is that huge trade surpluses and a vast reserve of foreign exchange mean it simply has too much cash to absorb into its own economy, and capital controls keep it from investing in liquid assets like American T-bills.
By joining the U.S. Federal Reserve and other major central banks in flooding the economy with cash, the Bank of Japan hopes to get corporations and consumers to begin spending more and end a long malaise.
Despite several rate cuts by the Federal Reserve, and additional efforts by the central bank to pump cash into the banking system to ease the credit crunch, banks are still finding the need to raise additional capital by either slashing their dividend, as National City Corp. did last week, or selling stakes to outside investors.
Despite several rate cuts by the Federal Reserve, and additional efforts by the central bank to pump cash into the banking system to ease the credit crunch, banks are still finding the need to raise additional capital by either slashing their dividend, as National City Corp. (nyse: NCC - news - people ) did last week, or selling stakes to outside investors.
The cash took the form of either banknotes or a credit balance at the Federal Reserve bank that held the collateral.
Regulators say holding back a small amount of customer cash would decrease the amount of capital that firms would have to hold in reserve and compare the idea to a minimum account balance required by banks.
Basically, the program allows people to reserve things online, then go into the store and buy them with cash.
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