I took a look at the British standard which was kindly referenced by another poster. This is EN 12021. I got tired of doing calcs which required conversion of PPM (v) to PPM (w) and vice versa. Using the metrics is nice because the terms are uniform and allows one to do only a few calcs and grab data from various tables, a lot easier. The outcome is not much different from the previous but since a few things which came to light were not discussed, I decided to offer those up. The absolute humidity permitted by this std is 0.035 grams/meter ^3 at one atmosphere. They call an atmosphere a "bar" which it isn't, really, but close enough. Anyway, multiplying 0.035 grams by 240 bar gives an absolute humidity of 8.4 g/meter ^3 at 3500 psi. This translates to a relative humidity of 50% at 22C and a dew point of 10C (49F). So, to answer the thread starters question about "dry air" in a tank--it ain't necessarily that dry. For, in addition to the humidity from the air compressor, one must account for any atmospheric air left over from a visual inspection. Fortunately, filling and draining a tank turns over the air and subsequent fills should be progressively drier, but not below 8.4 g/meter ^3. As I said, that is a relative concept. Although the air inside a tank can start to condense at only 50F, the actual amount of liquid moisture inside the tank is not large as all the moisture will not turn into liquid, only a small proportion but this condensate increases as temps drop below 50F. In numbers, the total amount of moisture inside this hypothetical tank (let's say a 12 liter steel tank) is about 0.1 gram, mostly vapor except at very low temps (a "drop" weighs 0.025g). Because this moisture is ethereal and disappears as the air pressure drops (now you see it, now you don't), a visual examination might not show visible liquid but possibly some faint powder rust. However, repeated fills over several years could result in more substantial rust, maybe enough to require tumbling of the tank. Hopefully, putting numbers to conventional wisdom repeated oft on Scubaboard will add perspective for those who wondered. The answer to powder rust is to dry the air even more. On "old ironsides", my Bauer Capitano, I added an extra filter which can be packed with the good stuff. I believe this filter came off an old Bristol compressor which would mean it was made by MDI in England. The filters that were made in that era were probably good for about 50,000 cycles. I dont' know how many times that bad boy has been cycled but I digress. So far, no rust in sight and that's what you want. To me, this does look like the typical output of a compressor which lacks a final chemical filter, the way "old ironsides" used to be. That would be the very definition of a "minimum requirement" reflecting the decision of a learned committee.