United States Government Publishing Office publisher pbl distributor dst United States National Archives and Records Administration Office of the Federal Register author aut Government Organization text government publication eng FR Regulatory Information 2002_register executive 2010-09-23 article Rules and Regulations D09002ee1c818d1fe D09002ee1c818d305 United States Federal Reserve System originator org United States Government Agency or Subagency The Board is amending Regulation D, Reserve Requirements of Depository Institutions, to reflect the annual indexing of the low reserve tranche and the reserve requirement exemption for 2003, and announces the annual indexing of the deposit reporting cutoff level that will be effective beginning in September 2003. The amendments increase the amount of transaction accounts subject to a reserve requirement ratio of three percent in 2003, as required by section 19(b)(2)(C) of the Federal Reserve Act, from $41.3 million to $42.1 million of net transaction accounts. This adjustment is known as the low reserve tranche adjustment. The Board is increasing from $5.7 million to $6.0 million the amount of reservable liabilities of each depository institution that is subject to a reserve requirement of zero percent in 2003. This action is required by section 19(b)(11)(B) of the Federal Reserve Act, and the adjustment is known as the reservable liabilities exemption adjustment. The Board is also increasing the deposit cutoff level that is used in conjunction with the reservable liabilities exemption to determine the frequency of deposit reporting from $106.9 million to $112.3 million for nonexempt depository institutions. (Nonexempt institutions are those with total reservable liabilities exceeding the amount exempted from reserve requirements.) Thus, beginning in September 2003, nonexempt institutions with total deposits of $112.3 million or more will be required to report weekly while nonexempt institutions with total deposits less than $112.3 million may report quarterly, in both cases on form FR 2900. Exempt institutions with at least $6.0 million in total deposits may report annually on form FR 2910a. 67 FR 62634 https://www.govinfo.gov/app/details/FR-2002-10-08/02-25484 02-25484 fr08oc02-3 6210-01-P Regulation D Docket No. R-1132 https://www.govinfo.gov/app/details/FR-2002-10-08/02-25484 https://www.govinfo.gov/content/pkg/FR-2002-10-08/html/02-25484.htm https://www.govinfo.gov/content/pkg/FR-2002-10-08/pdf/02-25484.pdf Banks Banking Reporting and Recordkeeping Requirements 3 p. 62634 62636 67 FR 62634 Title 12 Part 204 12 CFR Part 204 Reserve Requirements of Depository Institutions; Federal Register Vol. 67, Issue RULE 02-25484 FEDERAL RESERVE SYSTEM 2002-11-07 Regulation D Docket No. R-1132 6210-01-P 02-25484 Final rule.

The Board is amending Regulation D, Reserve Requirements of Depository Institutions, to reflect the annual indexing of the low reserve tranche and the reserve requirement exemption for 2003, and announces the annual indexing of the deposit reporting cutoff level that will be effective beginning in September 2003. The amendments increase the amount of transaction accounts subject to a reserve requirement ratio of three percent in 2003, as required by section 19(b)(2)(C) of the Federal Reserve Act, from $41.3 million to $42.1 million of net transaction accounts. This adjustment is known as the low reserve tranche adjustment. The Board is increasing from $5.7 million to $6.0 million the amount of reservable liabilities of each depository institution that is subject to a reserve requirement of zero percent in 2003. This action is required by section 19(b)(11)(B) of the Federal Reserve Act, and the adjustment is known as the reservable liabilities exemption adjustment. The Board is also increasing the deposit cutoff level that is used in conjunction with the reservable liabilities exemption to determine the frequency of deposit reporting from $106.9 million to $112.3 million for nonexempt depository institutions. (Nonexempt institutions are those with total reservable liabilities exceeding the amount exempted from reserve requirements.) Thus, beginning in September 2003, nonexempt institutions with total deposits of $112.3 million or more will be required to report weekly while nonexempt institutions with total deposits less than $112.3 million may report quarterly, in both cases on form FR 2900. Exempt institutions with at least $6.0 million in total deposits may report annually on form FR 2910a.

Effective Date: November 7, 2002. Heatherun Allison, Counsel (202/452- 3565), Legal Division, or June O'Brien, Economist (202/452-3790), Division of Monetary Affairs; for user of Telecommunications Device for the Deaf (TDD) only, contact (202/872-4984); Board of Governors of the Federal Reserve System, 20th and C Streets, NW., Washington, DC 20551. Banks Banking Reporting and Recordkeeping Requirements Depository institutions; reserve requirements (Regulation D): Low reserve tranche, reserve requirement exemption, and deposit reporting cutoff level; annual indexing, Vol. 67, no. 195 Office of the Federal Register, National Archives and Records Administration 2002-10-08 continuing daily deposited born digital 245 p. Table of Contents: AE 2.7: GS 4.107: AE 2.106: KF70.A2 https://www.govinfo.gov/app/details/FR-2002-10-08 P0b002ee1809b3a0a 0097-6326 0042-1219 0364-1406 769-004-00000-9 000582072 f:fr08oc02 https://www.govinfo.gov/app/details/FR-2002-10-08 https://www.govinfo.gov/content/pkg/FR-2002-10-08/pdf/FR-2002-10-08.pdf https://www.govinfo.gov/content/pkg/FR-2002-10-08/xml/FR-2002-10-08.xml fdlp 62627 62861 DGPO 2010-09-23 2024-06-07 FR-2002-10-08 machine generated eng FR FR-2002-10-08 67 195