Federal Reserve Actions to Support the Flow of Credit to Households and Businesses The link is from the Federal Reserve itself so as to not dissuade anyone from reading due to political bent. The title says it all. The Federal Reserve has lifted the requirement that a bank have no less than 10% “cash” or liquid assets immediately available starting on Thursday, 3/26/2020. This ha been a requirement since the Great Depression and was instituted to limit the impact of a run in the banks. The relevant part is the last section and in my opinion it doesn’t matter why they say it or what they claim that 10% will be used for, this is a bad move with really only one long term outcome. My wife has been concerned that our oldest is going to graduate (from college) into a recession. This leads me to fear it could be a depression. This is real and it is not good.