The document summarizes key points about memory consolidation from a lecture in a cognitive psychology course. It discusses how newly formed memories are initially fragile and require processing over time to become permanent through synaptic consolidation and systems consolidation. The standard model of consolidation holds that the hippocampus is central to memory retrieval initially, but memories become independent of the hippocampus over time as they are consolidated in the cortex. The multiple trace theory disputes this, suggesting the hippocampus is always involved in episodic memory retrieval. Sleep also appears to play a role in memory consolidation. Reconsolidation refers to memories being reprocessed and restabilized after retrieval. Disrupting reconsolidation has potential for modifying memories like those involved in PTSD.