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Investing Glossary:
Draining reserves
Copyright 2013,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
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| Term: |
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| Definition: |
| Federal Reserve System`s course of action to tighten the Money supply by (1) raising a bank`s minimum reserve requirements, (2) selling Bonds in the open market, (3) raising the rate at which banks Borrow from the Fed.
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