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FRS RIN: 7100-AG07 Publication ID: Spring 2021 
Title: ●Regulation D--Reserve Requirements of Depository Institutions (Docket No: R-1737)  
Abstract:

The Board of Governors of the Federal Reserve System (Board) proposes to amend its Regulation D (Reserve Requirements of Depository Institutions, 12 CFR part 204) 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 the eligible institutions in master accounts at Federal Reserve Banks, and to make other conforming changes.

 
Agency: Federal Reserve System(FRS)  Priority: Substantive, Nonsignificant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 12 CFR 204   
Legal Authority: 12 U.S.C. 461    12 U.S.C. 601    12 U.S.C. 3506   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Board Requested Comments  01/08/2021 
Board Expects Further Action  09/00/2021 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Sophia Allison
Senior Special Counsel
Federal Reserve System
Legal Division,
Washington, DC 20551
Phone:202 452-3565

Matthew Malloy
Chief Monetary Policy Operations Analyst
Federal Reserve System
Division of Monetary Affairs,
Washington, DC 20551
Phone:202 452-2416

Heather Ford
Group Manager, Monetary Policy Operations
Federal Reserve System
Division of Monetary Affairs,
Washington, DC 20551
Phone:202 452-3674