Currently, the Fed requires a minimum 3 percent cash reserve on the first $110.2 million and 10

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Currently, the Fed requires a minimum 3 percent cash reserve on the first $110.2 million and 10 percent on the rest of a DIʼs demand deposit and transaction account holdings. The

$110.2 million figure is adjusted annually along with the increase or decrease in DI deposits.

The first $15.2 million of the $110.2 million is not subject to reserve requirements. See Chapter 13.

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Financial Markets And Institutions

ISBN: 9781259919718

7th Edition

Authors: Anthony Saunders, Marcia Cornett

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Question Posted: Jul 25, 2024 11:00 AM

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Currently, the Fed requires a minimum 3 percent cash reserve on the first $110.2 million and 10

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Financial Markets And Institutions

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