https://www.stlouisfed.org/on-the-economy/2024/apr/bank-reserves-start-quantita… Created Thu, 18/04/2024 - 19:30 Updated Thu, 18/04/2024 - 19:30 The Fed has been reducing its balance sheet since mid-2022, which also trims the overall level of bank reserves. What other factors might be affecting the demand for bank reserves?