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Federal Reserve Requirements | 12 Months Ended
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Dec. 31, 2022
Federal Reserve Requirements [Abstract] |
Federal Reserve Requirements | 18. Federal Reserve Requirements The Bank is required to maintain cash reserves with the Federal Reserve Bank of Richmond based on specified deposit liabilities. Effective March 26, 2020, the FRB reduced reserve requirement ratios to 0%. This action eliminated reserve requirements for all depository institutions.

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- Definition The entire disclosure for required cash reserves with the Federal Reserve Bank. + References No definition available. + Details
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