# Links # The monetary multiplier and bank reserves FRED Blog Summary::A comment from the St. Fed on the relationship of the "The monetary multiplier and bank reserves." Posted on July 31, 2023 --- # Notes Comment on X (Monday 20th May 2024): I don't understand how you can comment on the monetary multiplier and excess reserves in 2023. The subjects have become irrelevant with a zero reserve requirement. --- # References Clipped from [The monetary multiplier and bank reserves | FRED Blog](https://fredblog.stlouisfed.org/2023/07/the-monetary-multiplier-and-bank-reserves/) at 2024-05-18.