Post by Dan Thornton Place 2 on Jan 20, 2023 15:35:36 GMT
The topic of increasing the reserve requirement from the current 20% has come up a few times, and I am in favor of increasing it.
I think 40% is a good target. But we also know that holding 40% this year may be a challenge.
Proposal:
Let's update the requirement to 30% effective Oct 1, 2023 and then 40% effective Oct 1, 2024.
That way we are on a path to get to 40% but not violating our requirement if we end up at say 38% or whatever number at some point this year.
If we can reach 40% for this year's budget I would be happy to support that. But it seems like maintaining some flexibility this year is a good idea.
I think 40% is a good target. But we also know that holding 40% this year may be a challenge.
Proposal:
Let's update the requirement to 30% effective Oct 1, 2023 and then 40% effective Oct 1, 2024.
That way we are on a path to get to 40% but not violating our requirement if we end up at say 38% or whatever number at some point this year.
If we can reach 40% for this year's budget I would be happy to support that. But it seems like maintaining some flexibility this year is a good idea.
