| Job Title |
Reserve Officer |
| Job Description |
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:
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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