Regulatory Alerts2022-04-18 | 2022-08255Regulation D: Reserve Requirements of Depository Institutions
The Board of Governors of the Federal Reserve System issued a final rule amending Regulation D to raise the interest rate on reserve balances to 0.40 percent. This 0.25 percentage point increase, effective March 17, 2022, is intended to enhance the role of the rate in maintaining the federal funds rate within the target range established by the Federal Open Market Committee. The Board determined that standard notice and comment procedures were unnecessary to ensure the prompt implementation of this monetary policy adjustment.
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