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![](https://lemmy.zip/pictrs/image/9db8a0da-a640-462d-88f2-51419486bdde.webp)
This sounds good to me. To my understanding, banks in the US do not actually have to hold any money in reserve for it’s customers as of… 2020?
Hey I found the FED posting! https://www.federalreserve.gov/monetarypolicy/reservereq.htm
This is my favorite part “As announced on March 15, 2020, the Board reduced reserve requirement ratios to zero percent effective March 26, 2020. This action eliminated reserve requirements for all depository institutions.”
Happy Halloween kids. 😈
🙁