The Federal Reserve Bank

Exactly why isn’t the Federal Reserve banks that are requiring hold depositors’ cash?

The Federal Reserve Board reduced banking reserve requirements to zero in March 2020. Since that time, banks in the United States have not been required to actually hold any depositor money in the bank, making system that is flawed fractional reserve banking — worse.  With Silvergate Bank, Silicon Valley Bank &Signature Bank now shuttered, many within…

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