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Reserve Requirements for Depository Institutions

Fed · final-rule · Published 2009-05-29 · Effective 2009-07-02 · 74 FR 25620

Document

Document number
E9-12432
Federal Register citation
74 FR 25620
CFR reference
12 CFR 204
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US Federal Reserve System
Publication date
2009-05-29
Effective date
2009-07-02
Docket
Regulation D

Abstract

The Board is adopting, with certain revisions, its interim final rule that amended Regulation D (Reserve Requirements of Depository Institutions) to direct Federal Reserve Banks to pay interest on certain balances held at Federal Reserve Banks by or on behalf of certain depository institutions. The Board is also amending Regulation D to authorize the establishment of limited-purpose accounts, called "excess balance accounts," at Federal Reserve Banks for the maintenance of excess balances of eligible institutions. These excess balance accounts are intended to permit eligible institutions to earn interest on their excess balances without significantly disrupting established business relationships with their correspondents.

Source

Authoritative
Federal Register document
Machine
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