I will respond to my own reply. After doing some quick research on Google, it appears the FED reduced the amount of cash reserves each bank MUST carry to ZERO. That was due to Covid and enacted on March 26, 2020. So, even if you went into your bank and requested to withdraw either one dollar or one hundred thousand dollars, your bank does not have to have that money in its vault. My first reply was based on my knowledge learned in our great American public school system about forty years ago. I had no idea that the reserve rate had changed to ZERO. I express my humble apologies if anyone was led astray from my original reply.
I will respond to my own reply. After doing some quick research on Google, it appears the FED reduced the amount of cash reserves each bank MUST carry to ZERO. That was due to Covid and enacted on March 26, 2020. So, even if you went into your bank and requested to withdraw either one dollar or one hundred thousand dollars, your bank does not have to have that money in its vault. My first reply was based on my knowledge learned in our great American public school system about forty years ago. I had no idea that the reserve rate had changed to ZERO. I express my humble apologies if anyone was led astray from my original reply.