Birdwatch Note Rating
2023-07-23 04:27:37 UTC - HELPFUL
Rated by Participant: B08F4709EA3B24E978BF355C62F0F911D1278CED2A3C712E11FD970267CC2817
Participant Details
Original Note:
The 10 percent required reserve ratio against net transaction deposits above the low reserve tranche level was reduced to 0 percent, the 3 percent required reserve ratio against net transaction deposits in the low reserve tranche was reduced to 0 percent. https://www.federalreserve.gov/monetarypolicy/reservereq.htm#:~:text=Effective%20for%20the%20reserve%20maintenance,tranche%20was%20reduced%20to%200
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