I think you're confusing the 3 percent required reserve ratio against net transaction deposits above the low reserve tranche (I'm referring to the 10 percent required reserve ratio against net transaction deposits above the low reserve tranche level). Here's your source: https://www.federalreserve.gov/monetarypolicy/reservereq.htm
I think you're confusing the 3 percent required reserve ratio against net transaction deposits above the low reserve tranche (I'm referring to the 10 percent required reserve ratio against net transaction deposits above the low reserve tranche level). Here's your source: https://www.federalreserve.gov/monetarypolicy/reservereq.htm