3 ms·
Do you have a source for this? That doesn't appear to be the case at least according to the Fed's website (https://www.federalreserve.gov/monetarypolicy/reserv
by mandelbrotwurst 7y ago
Do you have a source for this?
That doesn't appear to be the case at least according to the Fed's website (https://www.federalreserve.gov/monetarypolicy/reservereq.htm https://www.federalreserve.gov/monetarypolicy/reservereq.htm ), which shows the most recent change to the requirements being in January - setting it at 3% for large banks.
- superkuh 7y agoSorry. I should have included that. https://www.cnbc.com/2020/03/15/federal-reserve-cuts-rates-to-zero-and-launches-massive-700-billion-quantitative-easing-program.html https://www.cnbc.com/2020/03/15/federal-reserve-cuts-rates-t... Start of paragraph 4.
- mandelbrotwurst 7y agoThanks.
- vpribish 7y agohttps://www.federalreserve.gov/newsevents/pressreleases/monetary20200315b.htm https://www.federalreserve.gov/newsevents/pressreleases/mone... last item, heading is "Reserve Requirements" "... the Board has reduced reserve requirement ratios to zero percent effective on March 26"