Method of maintaining required reserves, whereby nonbank financial institutions are able to meet Reserve Requirements by holding deposits in a Member bank that maintains an equivalent deposit at a Federal Reserve Bank. The bank maintaining the pass-through account does not have to be in the same Federal Reserve District as the bank owning the account.
Pass-Through Account
| Banking Dictionary: Pass-Through Account |
| 5min Related Video: Pass-Through Account |
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 | Excess Reserves (in banking) |
| Reserve Ratio (in banking) |
| Respondent (in banking) |
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 | Banking Dictionary. Dictionary of Banking Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved. Read more |
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Mentioned in
- Excess Reserves (in banking)
- Reserve Ratio (in banking)
- Respondent (in banking)
- Reserve Requirements (in banking)
