The Federal Reserve Board today announced technical details related to reserve requirements for depository institutions, which will remain zero…
Wut Mean?:
- The Federal Reserve Board announced that the reserve requirements for depository institutions will remain at zero.
- However, as legally required, it provided annual adjustments to the reserve requirement exemption amount and the low reserve tranche for 2024, clarifying that these do not represent a change in reserve requirements.
https://dismal-jellyfish.com/2024-update-zero-reserve-requirements-continue-for-banks/