During the 2007-2009 financial crisis the excess reserve ratio

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During the 2007-2009 financial crisis, the Federal Reserve increased the excess reserve ratio to stabilize the financial system and prevent a collapse of the banking system. This was done by paying interest on excess reserves held by banks, which incentivized them to hold on to more reserves instead of lending them out. As a result, the excess reserve ratio increased sharply.

During the 2007-2009 Financial Crisis the Excess Reserve Ratio