Prior to 1980

Prior to 1980:

A) Member banks of the Federal Reserve did not have to hold non-interest-bearing reserve deposits at the Fed
B) Nonmember banks had to hold non-interest-bearing reserve deposits at the Fed
C) Nonmember banks did not have to hold non-interest-bearing reserve deposits at the Fed
D) All banks, member or not, had to hold reserve deposits at the Fed in a non-interest-bearing account