What is the difference between reserves and excess reserves in terms of banking?

Reserves refer to the cash that banks have on hand to satisfy the demands of their employees and the reserve requirements of the Fed. Excess reserves refer to the amount of reserves banks have in excess of employee reserves.

Excess reserves refer to the amount that the banks have beyond loan reserves. Reserves are the funds banks keep on hand to meet reserve requirements established by the Fed.

Reserves refer to the cash banks have on hand to satisfy the Federal Reserve requirements. Excess reserves refer to the amount of reserves that banks have in excess of the legally required reserves.

Excess reserves refer to the required amount that the banks have on hand beyond the required reserve amounts, and thus, is available to loan out. Reserves are the funds banks keep on hand to meet reserve requirements established by the Fed.