Regulatory Alerts2022-04-18 | 2022-08254Regulation A: Extensions of Credit by Federal Reserve Banks
The Board of Governors of the Federal Reserve System issued final amendments to Regulations A and D to implement the Federal Open Market Committee's March 2022 decision to raise the federal funds target range. The rule increases the primary credit rate charged by Federal Reserve Banks to depository institutions from 0.25 percent to 0.50 percent, which automatically raises the secondary credit rate from 0.75 percent to 1.00 percent. Additionally, the amendments raise the interest rate paid on reserve balances maintained at Reserve Banks from 0.15 percent to 0.40 percent, with all rate changes becoming applicable on March 17, 2022.
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