reserve officer

reserve officer

A professional who directs purchase, sale, and redemption of bonds and securities, and placement of collateral funds in safekeeping accounts of correspondent or reserve banks to maintain institution reserve position mandated by regulatory bodies. Responsibilities include:

Arranges deposit agreements with correspondent banks or designated reserve bank, and directs placement of funds to fulfill agreements.

Reviews financial statements to determine reserve needed, and adjusts reserve to obtain specified ratio of reserves to liabilities.

Directs purchase and sale of government bonds and other securities, redemption of bonds, and disbursement of funds to branch offices, correspondent banks, and reserve banks to ensure that funds are kept at level specified by reserve regulations and deposit agreements.

Prepares reports on reserve position for management.

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Part of Speech: noun
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Industry/Domain: Professional careers
Category: Occupational titles
Company: U.S. DOL
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