(c) Interest income in excess of the budgetary estimates

If the economy as a whole desires to deleverage, a depression ensues. It is then the central bank s job to intervene in the banking system in order to push the market interest rate to the natural interest rate, thereby balancing the economy at full employment without excess inflation.

Interest income in excess of the budgetary estimate ( 660,500) for the year 2004 is 57,870 actual amount, if any, due for distribution to eligible Member States will be determined at the end of the biennium.

China s Excess Capacity Nightmare

It should stop paying interest on excess reserves until the US economy returns to a more normal footing. Most important, it should announce a strategy for eliminating the massive volume of such reserves.

Any time perspective in excess has more negatives than positives.

Excess of politeness is annoying.

But the time will come when the banks will want to use their excess reserves to support more profitable lending. The Fed will then need to raise the interest rate that it pays on excess reserves to limit the extent to which the commercial banks can draw down those reserves to create additional lending and deposits.

Record low interest rates in 2001, 2002 and 2003 did not lead Americans to invest more there was already excess capacity. Instead, easy money stimulated the economy by inducing households to refinance their mortgages, and to spend some of their capital.

The load of the truck was in excess of three tons.

In 1998, excess capacity was estimated to be 275 Mt. worldwide.

We have this incredible excess capacity.

Reinsurance shall be arranged for the portion in excess of this sum.

Excess of authority or contravention of instructions

Sustained budget deficits crowd out private investment, push up long term real interest rates, and increase the burden on future taxpayers. But they do not cause inflation unless they lead to excess demand for goods and labor.

Purchase orders cannot be processed unless they pass through the budget check function, which does not permit expenditure in excess of the project budget for that accounting period, or in excess of cash received.

First, with asset prices like housing fueled by global liquidity, goods prices kept quiescent by excess capacity and global trade, and interest rates held down by muted investment, domestic and external imbalances have been easily financed. The traditional signals provided by inflation expectations, long term interest rates, and exchange rates have not started flashing.

In past decades, large expansions of bank reserves caused lending surges that increased the money supply and fueled inflationary spending growth. But now commercial banks are willing to hold their excess reserves at the Fed, because the Fed now pays interest on those deposits.

Given the high levels of excess capacity and unemployment in Europe and America, quantitative easing is unlikely to trigger a bout of inflation. It could, however, increase anxieties about future inflation, leading to higher long term interest rates precisely the opposite of the Fed s goal.

(d) Net excess (shortfall) of income over expenditure

Unpaid assessments for peacekeeping operations were lower, although still in excess of 2.1 billion.

All of this changed in 2008, when a legislative reform allowed the Fed to pay interest on excess reserves. The commercial banks could sell Treasury bills and longer term bonds to the Fed, receive reserves in exchange, and earn a small but very safe return on those reserves.

The craving for excess wealth kept you people neglectful.

The craving for excess wealth kept you people neglectful.

(vi) Expenditure in excess of appropriations as amended by duly authorized transfers within the budget

Overall, services dedicated to targeting high risk youth in 2003 2004 were in excess of 21 million.

In light industry, the impact in the form of higher prices and excess freight charges totalled 12,402,800.

Also, if exit occurs by selling the long term assets purchased during QE, a sharp increase in interest rates might choke off recovery, resulting in large financial losses for holders of long term bonds. And, if the exit occurs via a rise in the interest rate on excess reserves (to sterilize the effect of a base money overhang on credit growth), the ensuing losses for central banks balance sheets could be significant.

Third, contributing factors included low interest rates, compressed risk spreads, and global imbalances that accommodated low savings in the US, consumption in excess of output, and a mounting trade deficit. Absent the willingness of large developing countries to run trade surpluses and high savings rates relative to investment, the asset bubble in the US leading to a rise in domestic consumption and a fall in the savings rate would have triggered inflation and higher interest rates.

Stopping the deployment of excess international search and rescue teams

We gave him, in excess, Isaac, and Jacob (for a grandson) and We made each righteous

We gave him, in excess, Isaac, and Jacob (for a grandson) and We made each righteous

In Costa Rica, the transport of cash in excess of US 10,000 must be accompanied by justifying documentation.

O ye who believe! make not unlawful the good things which Allah hath made lawful for you, but commit no excess for Allah loveth not those given to excess.

O ye who believe! make not unlawful the good things which Allah hath made lawful for you, but commit no excess for Allah loveth not those given to excess.

As the dollar declines, commodities including oil attract investors. Investing in futures becomes both a hedge against a weakening dollar and an investment vehicle that could yield substantial profit, particularly in a climate of vanishing excess oil production capacity, increasing demand, declining interest rates, a slumping real estate market, and crisis in the banking industry.

From its inception in 1999 to date the South African Competition Commission has reviewed in excess of 1,000 mergers.

UNOPS needs to further develop its management reporting system to identify expenditures in excess of project budgets in Atlas.

So we have, possibly, liquid water, organic materials and excess heat.

The global distribution of income had shifted away from the advanced countries middle class toward the rich and the emerging economies, resulting in excess worldwide savings. The only way to avoid stagnation was to push the middle class deeper into debt, helped by low interest rates and lenient lending rules.

b Reflects the sum of (i) excess of income over expenditures ( 8,001,440, as shown in the annex to the Secretary General's report (A 59 534 Add.2)), (ii) interest income earned ( 434,590) and (iii) savings on prior period obligations ( 216,593) for the period from 1 July 2003 to 30 June 2004.

Excess capacity and falling growth are mutually reinforcing. Not only does excess capacity have a negative impact on growth perhaps more important, sharply declining growth also contributes to massive redundancy in some industries (especially resources and the heavy and chemical industries).

Only recently, we were confronted with a situation where in excess of 1 million people faced starvation in the Niger.

(1) to manufacture or sell guns in excess of the quota or at variance with the variety prescribed

It doesn't see any excess cost. It doesn't spend any extra time.