It could then expand its balance-sheet indefinitely without driving the fed funds rate to zero; a bank will not lend out excess reserves at 0.25% if it can earn 1.75% at the Fed.

这可以无限制扩大它的资产负债表，而不会使联邦基金利率降到0。 银行如果可以从联储那里得到1.75%的利息，就不会以0.25%的利率贷出多余的款项。

youdao

When the PBoC sells dollars from its reserves to support the exchange rate, the central bank balance sheet shrinks and China's money supply contracts.

当中国央行抛售其储备的美元以支撑人民币汇率时，央行的资产负债表缩水，中国的货币供应量也出现收缩。

youdao

The foreign-exchange reserves, then, represent no more than the asset side of a balance sheet, against which the central bank holds liabilities.

因此，外汇储备不过是兑成了外币的央行负债而已。

youdao

Without them, much of an economy's capital is held captive on balance sheets, tied up in inventory, working capital, and balance sheet reserves.

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Lacking any Wall Street buyers for their mortgage loans, commercial banks are left to hold any mortgages they've made in the last few weeks on balance sheet, requiring funds and reserves against them.

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It influences his ability to raise cash and find investors going forward if he has proved reserves on his balance sheet.

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