Re:SVB Depositors, Investors Tried to Pull $42B Thursday
by jcranmer on Saturday March 11, 2023 @01:10AM
(#35105930)
I've gotten my information from https://www.federalreserve.gov/monetarypolicy/reserve-mainte..., although I may be misreading it.
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Re:SVB Depositors, Investors Tried to Pull $42B Thursday
by eru on Saturday March 11, 2023 @01:28AM
(#35106018)
Thanks!
Following a link from there, I get to https://www.federalreserve.gov/monetarypolicy/reserve-mainte... and this says:
> During each reserve maintenance period an institution must satisfy its reserve requirement in the form of vault cash or, if vault cash is insufficient to satisfy the requirement, in the form of a balance maintained with a Federal Reserve Bank. The portion of the reserve requirement not satisfied by vault cash is called the reserve balance requirement.
In any case, I'm still agreeing with you!