Reserves must be deposited in the Federal Reserve Banks by

A) only commercial banks which are members of the Federal Reserve System.
B) all depository institutions,that is,all commercial banks and thrift institutions.
C) state chartered commercial banks only.
D) federally chartered commercial banks only.

Federal Reserve Banks

Part of the central banking system of the United States, responsible for implementing monetary policy, providing financial services, and supervising and regulating banks.

Depository Institutions

Financial institutions such as banks and credit unions that accept deposits from individuals and provide loans.

Commercial Banks

Financial institutions that accept deposits, offer various loans, and provide other financial services to individuals and businesses.