RESTRICTIONS ON CASH AND AMOUNTS DUE FROM BANKS

12 Months Ended

Jun. 30, 2022

Cash and Cash Equivalents [Abstract]

RESTRICTIONS ON CASH AND AMOUNTS DUE FROM BANKS

2. Restrictions on cash and amounts due from banks

Effective March 26, 2020, the Board of Governors of the Federal Reserve reduced reserve requirement ratios to zero percent and therefore no reserve balance was required at June 30, 2022 or 2021.