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The reserve requirements are 0% as of earlier this year. https://www.forbes.com/sites/bobhaber/2020/03/16/the-fed-fires-the-big-one/#719d42f96aa8 https://www.f
by jbverschoor 6y ago
The reserve requirements are 0% as of earlier this year.
https://www.forbes.com/sites/bobhaber/2020/03/16/the-fed-fires-the-big-one/#719d42f96aa8 https://www.forbes.com/sites/bobhaber/2020/03/16/the-fed-fir...
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...
- neffy 6y agoAnd as it happens everything is regulated by bank capital and the Basel framework these days, rather than the old gold standard of asset reserves. OP gave the correct textbook description - but that description has been superceded by changes in bank regulation since the 1980's.