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Regulation A: Extensions of Credit by Federal Reserve Banks

Fed · final-rule · Published 2018-05-09 · Effective 2018-06-08 · 83 FR 21167

Document

Document number
2018-09805
Federal Register citation
83 FR 21167
CFR reference
12 CFR 201
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US Federal Reserve System
Publication date
2018-05-09
Effective date
2018-06-08
Docket
Docket No. R-1585

Abstract

The Board of Governors of the Federal Reserve System (Board) is adopting final amendments to its Regulation A to revise the provisions regarding the establishment of the primary credit rate in a financial emergency and to delete the provisions relating to the use of credit ratings for collateral for extensions of credit under the former Term Asset-Backed Securities Loan Facility (TALF). The final amendments are intended to allow the regulation to address circumstances in which the Federal Open Market Committee (FOMC) has established a target range for the federal funds rate rather than a single target rate, and to reflect the expiration of the TALF program.

Source

Authoritative
Federal Register document
Machine
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