In 2020, the Fed removed the reserve requirement and hasnt implemented it. I dont know what other regulators such as the OCC require.
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In 2020, the Fed removed the reserve requirement and hasnt implemented it. I dont know what other regulators such as the OCC require.
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LOL LMAO even. Fractional reserve banking without reserve requirements strikes me as absurd as the most drug fueled hallucination.
Thanks for setting me straight.