# Regulation D: Reserve Requirements for Depository Institutions
> **US Federal Reserve System** · Final rule. · Published 2015-06-22 · Effective 2015-07-23 · 80 FR 35565
## Document
- **Document number:** 2015-15238
- **Category:** final-rule
- **Agency:** US Federal Reserve System
- **Federal Register citation:** 80 FR 35565
- **CFR reference:** 12 CFR 204
- **Publication date:** 2015-06-22
- **Effective date:** 2015-07-23
- **Docket:** Docket No. R-1513
## Abstract

The Board is amending Regulation D (Reserve Requirements of Depository Institutions) regarding the payment of interest on certain balances maintained at Federal Reserve Banks by or on behalf of eligible institutions. Specifically, the amendments permit interest payments on certain balances to be based on a daily rate rather than on a maintenance period average rate. The amendments should help to enhance the role of such rates of interest in moving the Federal funds rate into the target range established by the FOMC, particularly on occasions when changes in those rates do not coincide with the beginning of a maintenance period.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2015/06/22/2015-15238/regulation-d-reserve-requirements-for-depository-institutions)
---
*AI Analytics · CC0 1.0*