Regulatory Alerts2026-05-26 | 2026-10377Regulation D: Reserve Requirements of Depository Institutions
The Board of Governors of the Federal Reserve System proposes to amend Regulation D to create a new category of special-purpose payment accounts that are excluded from interest payments on balances. These amendments would prohibit Reserve Banks from paying interest on balances held in payment accounts and prevent holders from participating in excess balance accounts. The proposal aims to control the size of payment account balances on the Federal Reserve's balance sheet and align with the accounts' limited purpose for clearing and settling payments.
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