We Just Went From Fractional Reserve Banking To Zero Reserve Banking And It’s A Pretty Big Deal
I don’t know if you paid attention to what happened in March of 2020 with all the coronavirus talk but the U.S. got rid of its reserve banking requirements during this crisis.
We just went from a fractional reserve banking system to a zero reserve banking system.
https://medium.com/navigating-life/...anking-and-its-a-pretty-big-deal-c501432e9be6
Reserve Requirements
As announced on March 15, 2020, the Board reduced reserve requirement ratios to zero percent effective March 26, 2020. This action eliminated reserve requirements for all depository institutions.
https://www.federalreserve.gov/mone...-c501432e9be6--------------------------------
2020, they have returned to required reserves, silly.