Quote:
Originally Posted by enjoythemusic
FTX Held Just $900 Million In Liquid Assets Vs $9 Billion In Liabilities
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The place he put the other $8.1 billion wasn’t right - but that is the right liquid reserve, 10%.
Your real dollar-based banks do the same.
The Federal Reserve requires banks and other depository institutions to hold a minimum level of reserves against their deposits. Currently, the marginal reserve requirement is 10% of a bank's demand and checking deposits.
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