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News that VHI holds surplus reserves has angered rival health insurance providers.
The surplus reserves in the average statement of the associated banks increased during the week by $320,000.
The surplus reserves of the banks alone total $44,050,000, an increase of $180,000 over the corresponding week of last year.
Since the 2003 fiscal year, they have generated $463 million in surplus reserves and excess earnings that were transferred to the state's general fund.
The Chinese used similar tactics during the global financial crisis of 2008 and 2009, spending heavily from their surplus reserves to stimulate their economy and insulate their people from pain.
With regard to the reduction of nearly eight million dollars in surplus reserves in the actual week-end statement this is not unusual for the opening week of February and the heavy receipts of currency from the interior always show a tendency to slacken this month.
Similar(53)
The model assumes that the delay factor (f) is a free control parameter with a constant accumulation factor (R) for the surplus reserve.
Mr. Gore's approach "not only continues the path toward making America debt-free, but even includes a $300 billion surplus reserve to ensure we get there even if unexpected emergencies or contingencies occur," Mr. Sperling said.
The picture has been temporarily clouded by shifts in "hot capital" flows, but so long as China runs a large current-account surplus, its reserves will rise.
FOR the first time since the collapse of communism, Russia has a balanced budget, a thumping trade surplus, bulging reserves and a growing economy.
Euell Gibbons, in "Stalking the Wild Asparagus," enjoyed wineberries sugared with sweet cream, but usually froze the surplus for reserves beyond the summer season.
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