Your textbook discusses reserve requirements, but doesn't provide the most up-to-date information. There were changes to the reserve requirement thresholds since the textbook was published and additionally a fairly major change in 2020. Please provide a business memo outlining the information. Include information on the change and how this change would impact the bank. There is a lot of flexibility with this assignment, but it needs to be in business memo format and fit on one page (typically 2- 3 paragraphs).