3 ms·
The Federal Reserve Act had the original reserve requirement at 40% IIRC (as in, what the fed needed to keep). Current reserve requirements: https://www.federa
by IntFee588 4y ago
The Federal Reserve Act had the original reserve requirement at 40% IIRC (as in, what the fed needed to keep).
Current reserve requirements: https://www.federalreserve.gov/monetarypolicy/reservereq.htm https://www.federalreserve.gov/monetarypolicy/reservereq.htm