08 Jan FRB – Regulation D: Reserve Requirements of Depository Institutions
January 8, 2021 – The FRB proposes to amend its Regulation D to eliminate references to an “interest on required reserves” rate and to an “interest on excess reserves” rate and replace them with a reference to a single “interest on reserve balances” rate.
The FRB also proposes to simplify the formula used to calculate the amount of interest paid on balances maintained by or on behalf of eligible institutions in master accounts at Federal Reserve Banks and to make other conforming changes.
Comments must be received on or before March 9, 2021.
For more information, visit www.federalregister.gov.