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RESTRICTIONS ON CASH AND AMOUNTS DUE FROM BANKS
6 Months Ended
Dec. 31, 2023
Cash and Cash Equivalents [Abstract]  
RESTRICTIONS ON CASH AND AMOUNTS DUE FROM BANKS
2.
RESTRICTIONS ON CASH AND AMOUNTS DUE FROM BANKS

 

Effective March 26, 2020, the Board of Governors of the Federal Reserve reduced reserve requirement ratios to zero percent and therefore no reserve balance was required at December 31, 2023 or June 30, 2023.