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Re:Google’s Fully Homomorphic Encryption Compiler – A Primer by eru on Tuesday February 14, 2023 @07:49AM (#34788554)
See https://en.wikipedia.org/wiki/Reserve_requirement

Many countries don't have a reserve requirement. The US was a bit of a laggard.

Minimum reserve requirements were always a bit silly. You want your banks to have a thick capital cushion for its debt. Whether they have reserves on hand is an operational problem they can solve themselves, and doesn't have systemic consequences.

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