Wednesday, April 01, 2009

*****US Banks Operating Without Reserve Requirements*****

Banks typically have 3% of their assets in cash in order to meet customer needs. Since 1960, banks have been allowed to use this “vault cash” to satisfy their reserve requirements. Today, bank reserve requirements have fallen to the point where they are now exceeded by vault cash......

read more | digg story

No comments:

1-9-2026

  FBI shuts down Minnesota's investigation into fatal ICE shooting... Noem threatens to send MORE...   UPDATES... Two shot by Border age...