You know..on that note..it's amusing to note..that there's no law that says a bank -has- to use the frb provisions offered. They could, if they wanted to, go full reserve. Though I don't know why anyone would. I guess they'd have to split the baby between paying employees and shareholders and granting loans. Not sure that would go over well with any involved party. Higher fees, shorter lines of credit, reduced profits, reduced pay.
They'd need a hell of alot of luck to make it work against frb even if frb -wasn't- backed by a central bank, and luck isn't the kind of thing you want to hear when you're talking about the place you store your cash, amiright, lol?
They'd need a hell of alot of luck to make it work against frb even if frb -wasn't- backed by a central bank, and luck isn't the kind of thing you want to hear when you're talking about the place you store your cash, amiright, lol?
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