# Regulation D: Reserve Requirements of Depository Institutions
> **US Federal Reserve System** · Final rule. · Published 2022-08-09 · Effective 2022-08-09 · 87 FR 48442
## Document
- **Document number:** 2022-17019
- **Category:** final-rule
- **Agency:** US Federal Reserve System
- **Federal Register citation:** 87 FR 48442
- **CFR reference:** 12 CFR 204
- **Publication date:** 2022-08-09
- **Effective date:** 2022-08-09
- **Docket:** Docket No. R-1777
## Abstract

The Board of Governors of the Federal Reserve System ("Board") has adopted final amendments to its Regulation D to revise the rate of interest paid on balances ("IORB") maintained at Federal Reserve Banks by or on behalf of eligible institutions. The final amendments specify that IORB is 2.40 percent, a 0.75 percentage point increase from its prior level. The amendment is intended to enhance the role of IORB in maintaining the federal funds rate in the target range established by the Federal Open Market Committee ("FOMC" or "Committee").

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2022/08/09/2022-17019/regulation-d-reserve-requirements-of-depository-institutions)
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