On the recordFebruary 29, 2012
If you think about that, what that really does is that it makes it unattractive to be the first person to be to withdraw your money and, therefore, it reduces the risk of runs considerably.
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congress.govEditor's note · Context
Bernanke explains how limiting immediate withdrawals can mitigate risks of runs on funds.
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Jul 11, 2017
Banks are not going to lend out the reserves at a rate lower than they can earn at the Fed.
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