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Gross Deposits
Source: Encyclopedia of Banking & Finance (9h Edition) by Charles J Woelfel
(We recommend this as work of authority.)

Aggregate deposits, without any exclusions or deductions.  Included in gross deposits are all types of demand and time deposits, including deposits due to banks and U.S. government deposits.


Gross demand deposits less interbank and U.S. government deposits and less cash items in process of collection (so-called float) appear as "demand deposits adjusted" in memorandum form to the member bank call report.  This is a statistical measure designed by the Board of Governors of the Federal Reserve System to indicate aggregate net balances in checking accounts of individuals, partnerships, corporations, and state and local government bodies, after allowing for checks outstanding against these accounts.

Both gross deposits and demand deposits adjusted are to be distinguished from net demand deposits, or deposits subject to reserve requirements according to the definition of "net demand deposits" by the Board of Governors of the Federal Reserve System in accordance with banking law.  In accordance with the Banking Act of 1935, net demand deposits are the excess of all demand deposits, including deposits due to other banks and the United States government, over demand balances due from other domestic bank (except Federal Reserve banks, foreign banks or branches thereof, foreign branches of domestic banks, and private banks), and cash items in process of collection.

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