Regulatory Alerts2021-09-08 | 2021-19280Regulation D: Reserve Requirements of Depository Institutions
The Board of Governors of the Federal Reserve System issued a final rule amending Regulation D to establish the interest on reserve balances rate at 0.15 percent. This 0.05 percentage point increase, effective July 29, 2021, is intended to maintain the federal funds rate within the target range set by the Federal Open Market Committee. The Board determined that notice and comment procedures were unnecessary to ensure the prompt effectiveness of this monetary policy adjustment.
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