2021-12-08 | 2021-26568The Board of Governors of the Federal Reserve System issued a final rule amending Regulation D to reflect the annual statutory indexing of reserve requirement parameters for 2022. The rule sets the reserve requirement exemption amount at $32.4 million and the low reserve tranche at $640.6 million, both increased significantly from 2021 levels due to large growth in total reservable liabilities and transaction accounts. Although these adjustments are required by law, they do not change the actual reserve requirement ratios, which remain at zero percent for all depository institutions.