Cash and Due From Banks

9 Months Ended

Mar. 31, 2020

Cash and Due From Banks

Cash and Due From Banks

NOTE 5 – Cash and Due From Banks

In March 2020, the Federal Reserve Board reduced reserve requirements for U.S. banks to 0%. Accordingly, the Bank had no required reserves with the Federal Reserve Bank of Chicago at March 31. 2020. Required reserves were $1.5 million at June 30, 2019.