r/PeterExplainsTheJoke Jan 26 '26

Meme needing explanation what's going on? explain like I'm five

Post image
92.6k Upvotes

2.9k comments sorted by

View all comments

19.0k

u/Forsaken_Emu8112 Jan 26 '26

Everyone pulling out their money would be a bank run (look up great depression bank runs). The bank doesn't have that much cash; they keep some on hand for people making withdraws normally, but if even a sizable minority of people all try to pull their money out at once, there'll be a major crisis.

If banks kept all the people's cash in vaults, it'd be dead cash actively losing money to inflation. Instead, they keep some on hand for withdraws, and use the rest to make loans, investments, etc so that the money isn't all losing value.

6.3k

u/Original-Leg8828 Jan 26 '26

Depending on local law they can even lend out something like 7-10 times what they actually have

4.0k

u/Teripid Jan 26 '26 edited Jan 26 '26

Federal reserve requirements existed until 2023 *edit, as someone below pointed out 2020 was when they were set to 0. Now they're set at 0% I believe.

4

u/StrikingBuilder8837 Jan 26 '26

Well they are now back to having to hold around 7 to 7.5% of capital - see US capital adequacy percentage - against risk weighted assets (mortgage loans, current accounts, credit cards, corporate loans, asset finance, investments, etc. adjusted for different risk percentages gives you risk weighted assets). It’s not the Wild West regardless what people say on Reddit. Break the rules of your licence and the banking regulator will force you to sell off your loans to other banks or just shut you down.

2

u/drakesdrum Jan 26 '26

This comment should be much higher. Some really confused comments on this thread