Tuesday - June 23, 2026
Fed: Retail Sweep Behavior Since the Elimination of Reserve Requirements
June 23, 2026
WASHINGTON, June 23 -- The Federal Reserve issued the following Fed Notes article:

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Retail Sweep Behavior Since the Elimination of Reserve Requirements/1

By Mary-Frances Styczynski

Introduction

Retail sweeps emerged in the 1990s as a way for depository institutions (DIs) to reduce the cost of satisfying federally mandated reserve requirements./2 Retail sweeps grew, even as the cost of satisfying reserve requirements was minimi . . .

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