On the other hand, cash reserves do not earn any return for the bank.
He also said that cash reserves had increased further since then.
New York, which had just a few hundred million dollars' cash reserve at the beginning of 1998, now has nearly $3 billion.
It also increased cash reserves from A$180,000 to over one million.
A $300,000 cash reserve helped welcome the company into its new home.
That is still enough, many said, to justify a large cash reserve.
And the reason wouldn't be the short-term effect on cash reserves.
It has also built up a cash reserve of about $1 billion.
Whatever your aims, building up a cash reserve for the future always makes sense.
The company is also doing a good job of managing its cash reserves, he said.