The following reserve requirement ratios are prescribed for all depository
institutions, banking Edge and agreement corporations, and United States
branches and agencies of foreign banks:
Category
Reserve requirement
Net transaction accounts:
$0 to $8.5 million
0 percent of amount
Over $8.5 million and up to $45.8 million
3 percent of amount
Over $45.8 million
$1,119,000 plus 10 percent of amount over $45.8 million
Nonpersonal time deposits.
0 percent
Eurocurrency liabilities
0 percent
By order of the Board of Governors of the Federal Reserve System, October 18, 2006. Effective for the 14-day reserve computation period beginning Tuesday, November 21, 2006 (for depository institutions reporting weekly. For those reporting quarterly, effective for the 7-day reserve computation period beginning Tuesday, December 19, 2006.
Effective October 31,2007, the table above is replaced by the following:
Category
Reserve requirement
Net transaction accounts:
$0 to $9.3 million
0 percent of amount
Over $9.3 million and up to $43.9 million
3 percent of amount
Over $43.9 million
$1,038,000 plus 10 percent of amount over $43.9 million
Nonpersonal time deposits.
0 percent
Eurocurrency liabilities
0 percent
By order of the Board of Governors of the Federal Reserve System, September 25, 2007. Effective for the 14-day reserve computation period beginning Tuesday, November 20, 2007 (for depository institutions reporting weekly). For institutions reporting quarterly, effective for the 7-day reserve computation period beginning Tuesday, December 18, 2007.
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