alanikay alanikay

10-12-2020
Law

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What reserve requirements do banks have?

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eveekeller eveekeller

10-12-2020

As of Jan. 1, 2018, banks with deposits less than $16 million have no reserve requirement. Banks with between $16 million and $122.3 million in deposits have a reserve requirement of 3%, and banks with over $122.3 million in deposits have a reserve requirement of 10%.

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