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TeachMeFinance.com - explain reserved account reserved account -- an account subject to reserve requirements determined by the Federal Reserve Board. The rules require financial institutions to set aside (not invest) a portion of funds in such accounts as reserves to meet depositors' demands for cash withdrawals. The reserves are deposited at a Federal Reserve Bank or held as cash. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.