Since May 26th, 2020, US banks have had a 0% reserve requirement.

Reply to this note

Please Login to reply.

Discussion

How the fuck was this allowed to pass?

?cid=2154d3d7i2ckfjoqir9flyzxrdtb3zzjy0t3mf37wrx83x46&rid=giphy.gif&ct=g

Sounds about right

the federal reserve

is neither federal

nor does it have any reserves