Retail Sweep Behavior Since the Elimination of Reserve Requirements

Mary-Frances Styczynski

No 2026-06-22-2, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: Retail sweeps emerged in the 1990s as a way for depository institutions (DIs) to reduce the cost of satisfying federally mandated reserve requirements. Retail sweeps grew, even as the cost of satisfying reserve requirements was minimized with the beginning of interest on reserves in 2008.

Date: 2026-06-22
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:103450

DOI: 10.17016/2380-7172.4087

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