2 ms·
I've gotten my information from https://www.federalreserve.gov/monetarypolicy/reserve-maintenance-manual-about-this-manual.htm https://www.federalreserve.gov/mo
by jcranmer 4y ago
I've gotten my information from https://www.federalreserve.gov/monetarypolicy/reserve-maintenance-manual-about-this-manual.htm https://www.federalreserve.gov/monetarypolicy/reserve-mainte..., although I may be misreading it.
- eru 4y agoThanks! Following a link from there, I get to https://www.federalreserve.gov/monetarypolicy/reserve-maintenance-manual-maintenance-of-reserve-balance-requirements.htm https://www.federalreserve.gov/monetarypolicy/reserve-mainte... and this says: > During each reserve maintenance period an institution must satisfy its reserve requirement in the form of vault cash or, if vault cash is insufficient to satisfy the requirement, in the form of a balance maintained with a Federal Reserve Bank. The portion of the reserve requirement not satisfied by vault cash is called the reserve balance requirement. In any case, I'm still agreeing with you!