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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.
Woah! How did I not know about this.
It's not something they want everyone to know
Reminder that since 2020 banks don't need to have any reserves:
https://www.federalreserve.gov/monetarypolicy/reservereq.htm