| Claim: | The Federal Reserve Eliminated Reserve Requirements for All Depository Institutions in 2020 |
|---|---|
| Rating: |
True
|
| Finding: | Announced on March 15, 2020, and effective March 26, 2020, the Federal Reserve Board reduced the reserve requirement ratios to zero percent. |
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COMPLETE REDPILL(true) |

Announced on March 15, 2020, and effective March 26, 2020, the Federal Reserve Board reduced the reserve requirement ratios to zero percent. This action eliminated reserve requirements for all depository institutions (ie banks).

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COMPLETE REDPILL(true) |