Bigbux Bank currently has deposits of $300 million. If the Fed establishes a reserve requirement of 12 percent, Bigbux must hold reserves of against its deposits.

 Required reserve=$36  million

Explanation:

In a fractional banking system, banks are required to maintain  a proportion of  their total deposit for precautionary reasons by banking authority.

The proportion is known as the required reserve ratio and is always given as a percentage of the total deposit.

The required reserve = required reserve (%) × Total deposit

                                  = 12%× 300 million

                                   =36  million

 Required reserve=$36  million

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answera major piece of legislation affecting the financial industry and containing significant privacy provisions for individuals;