All depositories are required to report and adjust their reserve accounts to the Federal Reserve:

In the context of financial institutions, particularly depository institutions, not all depositories are required to report and adjust their reserve accounts to the Federal Reserve. Reserve accounts typically pertain to those banks and depository institutions that are members of the Federal Reserve System and are subject to certain requirements for maintaining reserves against their deposits. This requirement primarily applies to those institutions that fall under the jurisdiction of the Federal Reserve, meaning that non-member banks, credit unions, and smaller financial institutions may not be required to adhere to these reporting and adjusting protocols.

Therefore, the statement suggesting that all depositories must report and adjust their reserve accounts to the Federal Reserve is inaccurate, as it overlooks the diversity among depository institutions and the regulations that specifically apply to certain members within the system. This differentiation is crucial for understanding the complexities of compliance within the financial sector.