FEDERAL RESERVE - zero % reserve requirements

announced 15 March 2020, don't recall seeing in notables. apologies if so and I missed.

maybe a financefag can weigh in - is this how you crash a banking system?

Reserve Requirements

As announced on March 15, 2020, the Board reduced reserve requirement ratios to ZERO PERCENT effective March 26, 2020. This action eliminated reserve requirements for all depository institutions.

sauce https://www.federalreserve.gov/monetarypolicy/reservereq.htm