### Question
Can you define what reservable liabilities means?


### Answer
**Reservable liabilities** is defined as the following in *12 U.S.C. § 461*:

> transaction accounts, nonpersonal time deposits, and all net balances, loans, assets, and obligations which are, or may be, subject to reserve requirements under paragraph (5)

#### Citation:
  - *12 U.S.C. § 461*
  - Heading: **CHAPTER 2-NATIONAL BANKS > SUBCHAPTER XIV-BANK RESERVES**

