### Question
How is the term reservable liabilities defined?


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

> 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 3-FEDERAL RESERVE SYSTEM > SUBCHAPTER XIV-BANK RESERVES**

