The Federal Reserve Board on Tuesday adjusted its policies for required reserves.

Starting next month, it said, banks do not have to hold reserves against the first $4.9 million of deposits and other liabilities subject to reserve requirements. That is up from today's $4.7 million threshold.

The Fed will impose a 3% reserve requirement on deposits between $4.9 million and $46.5 million. Remaining deposits are subject to a 10% reserve requirement. Currently, deposits between $4.7 million and $47.8 million are subject to the 3% reserve.

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