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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: RealMuLan who wrote (75198)2/24/2008 9:46:11 PM
From: Andrew  Read Replies (1) of 116555
 
<... "the current level of banks reserves wouldn't allow for such a thing", that can change. Since those regulation can be revised...>

It looks like that can change can occur in October 2011:
federalreserve.gov

"The Chairman noted that the President had recently signed the Financial Services Regulatory Relief Act of 2006, which among its provisions gave the Federal Reserve discretion, beginning October 2011, both to pay interest on reserve balances and to reduce further or eliminate reserve requirements. The Act potentially has important implications for many aspects of the Federal Reserve's operations and the Chairman asked Vincent Reinhart, Director of the Division of Monetary Affairs, to form a committee of Federal Reserve System staff to consider these issues."
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