Almost the 2,500 depositories with vault cash that had been insufficient back then in meeting their reserve requirements were no longer bound to hold balances at the Federal Reserve that is brought upon by the cut in reserve requirements. For the said institutions, the reduction in the non-transaction
Almost the 2,500 depositories with vault cash that had been insufficient back then in meeting their reserve requirements were no longer bound to hold balances at the Federal Reserve that is brought upon by the cut in reserve requirements. For the said institutions, the reduction in the non-transaction