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Reserve requirements are central bank regulations that set the minimum amount that a commercial bank must hold in liquid assets. This minimum amount, commonly referred to as the commercial bank's reserve, is generally determined by the central bank on the basis of a specified proportion of deposit liabilities of the bank.
The Reserve Components of the United States Armed forces are named within Title 10 of the United States Code and include: (1) the Army National Guard, (2) the Army Reserve, (3) the Navy Reserve, (4) the Marine Corps Reserve, (5) the Air National Guard, (6) the Air Force Reserve, and (7) the Coast Guard Reserve.
On 23 April 1908 Congress created the Medical Reserve Corps, the official predecessor of the Army Reserve. [3] After World War I, under the National Defense Act of 1920, Congress reorganized the U.S. land forces by authorizing a Regular Army, a National Guard and an Organized Reserve (Officers Reserve Corps and Enlisted Reserve Corps) of unrestricted size, which later became the Army Reserve. [4]
"Presidential Reserve Callup Authority" (PRCA) is a provision of a public law (US Code, Title 10 (DOD), section 12304) that provides the President a means to activate, without a declaration of national emergency, not more than 200,000 members of the Selected Reserve and the Individual Ready Reserve (of whom not more than 30,000 may be members of the Individual Ready Reserve), for not more than ...
The Army Reserve Officer Training Corps (AROTC) is the United States Army component of the Reserve Officers' Training Corps.It is the largest Reserve Officer Training Corps (ROTC) program which is a group of college and university-based officer training programs for training commissioned officers for the United States Army and its reserves components: the Army Reserves and the Army National Guard.
The mission of the Coast Guard Reserve is stated in the Reserve Policy Statement issued in 2018: Serving as the Coast Guard's only dedicated surge force the Reserve Component is a contingency-based workforce, trained locally and deployed globally to provide appropriately trained personnel to meet mission requirements within the prioritized focus areas of Defense Operations, Ports, Waterways ...
The United States Marine Corps Reserve was established when Congress passed the Naval Appropriations Act of 29 August 1916, and is responsible for providing trained units and qualified individuals to be mobilized for active duty in time of war, national emergency, or contingency operations.
In the United States Army Reserve, the Selected Reserve (SR) is the component of the Reserve most readily available for call-up to active duty. (The other Reserve components are the Individual Ready Reserve (IRR) and the Retired Reserve.) The Selected Reserve is composed of Troop Program Units (TPUs), Active Guard and Reserve (AGR) Soldiers ...