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Comments due: Federal Reserve (proposed rule; interest on Reg D reserves)

March 9

The Federal Reserve Board proposes to amend its Regulation D to eliminate references to an “interest on required reserves” rate and to an “interest on excess reserves” rate and replace them with a reference to a single “interest on reserve balances” rate. The board also proposes to simplify the formula used to calculate the amount of interest paid on balances maintained by or on behalf of eligible institutions in master accounts at Federal Reserve Banks.

Reg lookup: Regulation D: Reserve Requirements of Depository Institutions

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March 9
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