Regulatory Alerts2021-06-04 | 2021-11758Regulation D: Reserve Requirements of Depository Institutions
The Board of Governors of the Federal Reserve System adopted amendments to Regulation D to eliminate references to separate interest on required and excess reserves rates. The rule replaces these with a single interest on reserve balances rate and simplifies the formula for calculating interest paid on balances maintained by eligible institutions at Federal Reserve Banks. The Board adopted the final rule without change after receiving one comment that did not address the proposed amendments, with the rule becoming effective on July 29, 2021.
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