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Tuesday, 3 February 2015

The required reserve ratio is set by the Board of Governors of the Federal Reserve System.

http://en.wikipedia.org/wiki/Federal_Reserve_System#cite_note-91

The required reserve ratio is set by the Board of Governors of the Federal Reserve System.The reserve requirements have changed over time and some of the history of these changes is published by the Federal Reserve.

Reserve Requirements in the U.S. Federal Reserve System                                                                                    Liability Type     Requirement       Percentage of liabilities    Effective date Net transaction accounts$0 to $11.5 million0December 29, 2011More than $11.5 million to $71 million3December 29, 2011More than $71 million10December 29, 2011Nonpersonal time deposits0December 27, 1990Eurocurrency liabilities0December 27, 1990


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