Regulation D: Reserve Requirements of Depository Institutions
|Subject:||Reserve requirements; Reg D|
|Status:||Interim final rule; request for comments|
The Board of Governors of the Federal Reserve System (“Board”) is amending its Regulation D (Reserve Requirements of Depository Institutions) to delete the numeric limits on certain kinds of transfers and withdrawals that may be made each month from “savings deposits.” The amendments are intended to allow depository institution customers more convenient access to their funds and to simplify account administration for depository institutions. There are no mandatory changes to deposit reporting associated with the amendments.
Applicability date: The changes to the numeric limits on certain kinds of transfers and withdrawals that may be made each month from accounts characterized as “savings deposits” were applicable on April 23, 2020.
|Date proposed:||April 24, 2020|
|Comments due date:||June 29, 2020|
April 24, 2020
|Rule compliance date:|
|Related Reg Report item(s):|