Search: official reserve assets (RBA)
RBA Glossary definition for RBA
RBA – Reserve Bank of Australia. Australia's central bank, the body corporate successor to the Commonwealth Bank established in 1912; created under its new name by the Reserve Bank Act 1959.
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The Post-war Period
31 Dec 2001
RDP
2001-07
The Liquid Assets and Government Securities (LGS) convention came into force in March 1956. ... Under the convention, banks agreed to keep a certain proportion of their depositors' funds in liquid assets and Commonwealth Government securities.
https://www.rba.gov.au/publications/rdp/2001/2001-07/post-war-period.html
The 1970s
31 Dec 2001
RDP
2001-07
The Reserve Bank would stand behind any bank that provided liquidity to troubled building societies. ... Official reserve or stabilisation funds were also set up for building societies and credit unions in several states.
https://www.rba.gov.au/publications/rdp/2001/2001-07/1970s.html
The 1820s
31 Dec 2001
RDP
2001-07
its capital reserves and strengthened the colonial administration's oversight of the bank. ... Liquidation of the bank's assets risked triggering widespread bankruptcy in the colony.
https://www.rba.gov.au/publications/rdp/2001/2001-07/1820s.html
Appendix B: Press Releases Addressing Difficulties at Financial Institutions 1974–1992
31 Dec 2001
RDP
2001-07
the Reserve Bank has advised the trading banks to consider sympathetically requests for finance that were received by the banks from financial institutions which were responsibly managed and had adequate asset ... the Reserve Bank had a continuing
https://www.rba.gov.au/publications/rdp/2001/2001-07/appendix-b.html
The 1840s Depression
31 Dec 2001
RDP
2001-07
Auctions of the bank's assets allowed it to settle its debts and finally close in July 1851. ... This made it easier for squatters, who had no fixed property assets, to obtain finance.
https://www.rba.gov.au/publications/rdp/2001/2001-07/1840s-depression.html
Theoretical Approaches to Lender-of-last-resort Policy
31 Dec 2001
RDP
2001-07
Due to the inherently opaque nature of such assets, depositors are not readily able to observe the financial condition of banks. ... Bagehot recognised it is difficult, particularly in times of financial distress, to accurately value financial assets.
https://www.rba.gov.au/publications/rdp/2001/2001-07/theoretical-approaches-to-lender-of-last-resort-policy.html