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Deadline for comments on Fed Reg D proposal


The Federal Reserve Board has issued for public comment a notice of proposed rulemaking that would amend Regulation D (Reserve Requirements of Depository Institutions). References to an "interest on required reserves" ("IORR") rate and to an "interest on excess reserves" ("IOER") rate would be replaced with a single "interest on reserve balances" ("IORB") rate. The proposed amendments would make other conforming changes, such as simplifying 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. Comments on the proposed rulemaking will be accepted for 60 days after publication in the Federal Register.

The Board has also adopted as a final rule, without changes, the interim final rule amending Regulation D to lower reserve requirement ratios to zero percent.

  • Federal Reserve press release
  • PUBLICATION AND COMMENT DEADLINE UPDATE: The Board's notice of proposed rulemaking was published at 86 FR 1303 on 1/8/2021. Comments are due by 3/9/2021.

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