The reserve requirements are 0% as of earlier this year. https://www.forbes.com/... | Hacker News

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		jbverschoor on Oct 13, 2020 \| parent \| context \| favorite \| on: The ballooning money supply may be the key to unlo... The reserve requirements are 0% as of earlier this year. https://www.forbes.com/sites/bobhaber/2020/03/16/the-fed-fir... https://www.cnbc.com/2020/03/15/federal-reserve-cuts-rates-t...

neffy on Oct 13, 2020 [–]

And as it happens everything is regulated by bank capital and the Basel framework these days, rather than the old gold standard of asset reserves.

OP gave the correct textbook description - but that description has been superceded by changes in bank regulation since the 1980's.

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