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Lower reserves are just one challenge facing El Paso.
In the insurance business, lower reserves mean higher profits.
So they should be able to hold lower reserves than the rules required.
Continental banks generally have lower reserves than their U.S. counterparts, making them less able to absorb losses from their holdings of government bonds or other troubled assets.
A measure of the bank's optimism is that it lowered its corporate loan-loss reserve by $150 million in the quarter and expects to lower reserves further in the future.
Though the house took in $156m, less than Sotheby's and below its own pre-sale estimate, it had clearly worked with consignors to lower reserves on a number of pieces, which led to livelier bidding.
Similar(49)
Lower reserve requirements effectively free up more lending by banks.
The Rangers charged $150 for lower reserved seats in last season's World Series.
It is widely expected to cut interest rates further and/or lower reserve requirement ratios for all banks this year.
He suggested that lower reserve requirements and taxes, together with greater rights for creditors, would help to cut rates.
Ticket prices remain at $12 for lower and loge-level seats, $11.50 for tier box seats, $10 for lower reserved seats and $8 for tier reserved seats.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com