"To count as required reserves,the reserves must be on deposit at the bank's district Federal Reserve Bank." Is the previous statement correct or incorrect?

Name: "To count as required reserves,the reserves must be on deposit at the bank's district Federal Reserve Bank." Is the previous statement correct or incorrect?
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The Answer of "To count as required reserves,the reserves must be on deposit at the bank's district Federal Reserve Bank." Is the previous statement correct or incorrect?

"To Count as Required Reserves,the Reserves Must Be on Deposit