bank can lend amount equal to its excess reserves
Yes, the amount a bank can lend depends on the amount of money they have plus a reserve requirement. For example, if a bank's reserve requirement is 10% and you deposit $10,000 the bank can lend a maximum of $100,000 based on your 10k, and this sums up for all it's money.
The maximum amount the FDIC insures is $275,000.
Banks do not create money, they only use the money from saving accounts and lend it to people. When they lend the interest from the loan is profit for the bank.
it depends on the bank
She took the maximum amount that was allowed out of the bank. He drove the car at the maximum speed limit. They put the maximum effort into winning the game.
It depends upon the bank type. Just visit your bank.
The maximum FDIC insured amount TOTAL for any individual is $250,000, so you have to consider all of your bank savings and bank CDs. Remember that stocks are not covered and other investments are not necessarily FDIC insured.
15Thousand....
999,999,999 bells.
It is the amount of money any bank has to maintain with the Reserve bank for every customer. Say you deposit Rs. 100 in ABC Bank, the bank cannot lend all the 100 bucks. They have to pledge a small amount say Rs. 10 with RBI and can lend only the remaining 90 and make an income out of that 90. This 10 bucks is the statutory reserve. The RBI modifies this reserve periodically.
If you have under $100,000 in all combined accounts at one particular FDIC-insured bank, you are covered.
There is no maximum to how much you can deposit in a back. However, if you deposit a very large amount, especially if it is in cash, you may have to answer some additional questions.