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Aleks [24]
3 years ago
10

What reserve requirements do banks have?

Law
1 answer:
LUCKY_DIMON [66]3 years ago
5 0
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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