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  • Yes, Virginia, There Are No Reserve Requirements (PART 2/2) [View article]
    Dear Johnc222 -

    I am not arguing for the req's on CD's, I am just simply pointing out that they do not exist right now but that they did earlier in time.

    As you stated, most CD's typically can be withdrawn with a penalty, so "locked in" is not a good phrase in my humble opinion.


    On Aug 12 10:08 AM Johnc222 wrote:

    > why is the writer of this article arguing, for reserves on CD's..?
    > When CD are lock in by time restrictions and can not be withdrawn
    > on a whim.
    >
    > They can but penalty usually prevents that. CD are an asset to banks
    > capital and not liabilities.
    Aug 14 10:07 am |Rating: 0 0 |Link to Comment
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