pull down to refresh

20 sats \ 2 replies \ @nullama 28 Aug 2023 \ on: Defending bitcoin maximalism bitcoin
Reminder that since 2020 banks don't need to have any reserves:
https://www.federalreserve.gov/monetarypolicy/reservereq.htm
As announced on March 15, 2020, the Board reduced reserve requirement ratios to zero percent effective March 26, 2020. This action eliminated reserve requirements for all depository institutions.
write
preview
0 sats \ 1 reply \ @TwoLargePizzas 28 Aug 2023
Woah! How did I not know about this.
reply
0 sats \ 0 replies \ @nullama 28 Aug 2023
It's not something they want everyone to know
reply