How to gain more from operational risk management practices.
Modern risk management technology solutions improve efficiency and provide greater visibility into risks. Today’s tools provide real-time visibility, action plans, enhanced reporting and business intelligence, and proactive notifications for operational risk. Real-time data empowers banks and financial services organizations to proactively manage risks and instantly detect and mitigate emerging issues. Click here to learn more.
Fed updates rates in Regs A and D
The Federal Reserve Board has published in this morning's Federal Register final rules reducing the interest rate for primary credit at each of the Federal Reserve Banks and the rate of interest paid by those banks for reserve and excess reserve balances.
- Effective March 10, but applicable beginning March 4, 2020, Regulation A is amended [85 FR 13723] to reflect an interest rate of 1.75 percent for primary credit (and, by formula, an interest rate of 2.25 percent for secondary credit).
- Also effective March 10, and applicable beginning March 4, 2020, Regulation D is amended [85 FR 13724] to reflect an interest rate of 1.10 percent paid on required and excess reserve balances.
These changes will be posted to BankersOnline's Regulation A and Regulation D pages shortly.