The following reserve requirement ratios are prescribed for all banks. The numbers come from § 204.9 (e) of
<< http://www.fdic.gov/regulations/laws/rules/7500-500.html#7500204.2 >>, a federal law. See: http://www.howto-ville.com/Money%20Section/moneysupply.html § 204.9 Reserve requirement ratios (in text form) The following reserve requirement ratios are prescribed for all depository institutions, banking Edge and agreement corporations, and United States branches and agencies of foreign banks: For a net "Transaction Amount" (TA), the "Reserve Requirement" (RR) is in accordance with the following text. For a TA of $0 to $9.3 million, the RR is 0% of TA For a TA of $9.3 to $43.9 million, the RR is 3% of TA For a TA over $43.9 million, the RR is $1,038,000 + 10% of amount over $43.9 million It is interesting to note that there is no mention of "capital/asset ratio". Which, I am told by a knowledgeable authority, is what banker's pay attention to. That is probably because the "capital/asset ratio" is a rule of an international banker's group -- not a law of this country. This seems to raise the question, "Who is running our banking system"? What do you think? martycarbone at yahoo dot com ( correct the address) --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
