# Reserve Requirements of Depository Institutions
> **US Federal Reserve System** · Interim final rule; request for public comment. · Published 2008-10-09 · Effective 2008-10-09 · 73 FR 59482
## Document
- **Document number:** E8-24003
- **Category:** final-rule
- **Agency:** US Federal Reserve System
- **Federal Register citation:** 73 FR 59482
- **CFR reference:** 12 CFR 204
- **Publication date:** 2008-10-09
- **Effective date:** 2008-10-09
- **Docket:** Regulation D
## Abstract

Under authority of section 128 of the Emergency Economic Stabilization Act of 2008, the Board is amending Regulation D, Reserve Requirements of Depository Institutions, to direct Federal Reserve Banks to pay interest on balances held at Reserve Banks to satisfy reserve requirements and on balances held in excess of required reserve balances and clearing balances. The Board is also making associated minor changes to its clearing balance policy and the method for recovering float costs.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2008/10/09/E8-24003/reserve-requirements-of-depository-institutions)
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