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 2012_register executive 2012-04-24 article Rules and Regulations D09002ee1c7fd2673 D09002ee1c7fd275e 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 simplify the administration of reserve requirements. The final rule creates a common two-week maintenance period for all depository institutions, creates a penalty-free band around reserve balance requirements in place of carryover and routine penalty waivers, discontinues as-of adjustments related to deposit report revisions, replaces all other as-of adjustments with direct compensation, and eliminates the contractual clearing balance program. The amendments are designed to reduce the administrative and operational costs associated with reserve requirements for depository institutions, the Board, and Federal Reserve Banks. 77 FR 21846 https://www.govinfo.gov/app/details/FR-2012-04-12/2012-8562 2012-8562 fr12ap12-4 RIN 7100-AD83 6210-01-P Regulation D Docket No. R-1433 https://www.govinfo.gov/app/details/FR-2012-04-12/2012-8562 https://www.govinfo.gov/content/pkg/FR-2012-04-12/html/2012-8562.htm https://www.govinfo.gov/content/pkg/FR-2012-04-12/pdf/2012-8562.pdf Banks Banking Federal Reserve System Reporting and Recordkeeping Requirements 9 p. 21846 21854 77 FR 21846 Title 12 Part 204 12 CFR Part 204 RIN 7100-AD83 Reserve Requirements of Depository Institutions: Reserves Simplification; Federal Register Vol. 77, Issue RULE 2012-8562 FEDERAL RESERVE SYSTEM 2012-07-12 Regulation D Docket No. R-1433 6210-01-P 2012-8562 Final rule.

The Board is amending Regulation D, Reserve Requirements of Depository Institutions, to simplify the administration of reserve requirements. The final rule creates a common two-week maintenance period for all depository institutions, creates a penalty-free band around reserve balance requirements in place of carryover and routine penalty waivers, discontinues as-of adjustments related to deposit report revisions, replaces all other as-of adjustments with direct compensation, and eliminates the contractual clearing balance program. The amendments are designed to reduce the administrative and operational costs associated with reserve requirements for depository institutions, the Board, and Federal Reserve Banks.

Effective Date: This rule is effective on July 12, 2012, except that effective on January 24, 2013, the following sections are further amended: Sec. 204.2(z), (ff), (gg) and (hh); Sec. 204.5 (b)(2), (d)(4)(i), and (e); Sec. 204.6 (a) and (b); Sec. 204.10 (b)(1), (b)(3), and (c). Kara Handzlik, Senior Attorney (202) 452-3852, Legal Division, or Margaret Gillis DeBoer, Assistant Director (202) 452-3139, or Heather Wiggins, Senior Financial Analyst (202) 452- 3674, Division of Monetary Affairs, or for questions regarding the Private Sector Adjustment Factor, Gregory Evans, Deputy Associate Director (202) 452-3945, or Brenda Richards, Manager (202) 452-2753, Division of Reserve Bank Operations and Payment Systems; for users of Telecommunications Device for the Deaf (TDD) only, contact (202) 263- 4869; Board of Governors of the Federal Reserve System, 20th and C Streets NW., Washington, DC 20551. Banks Banking Federal Reserve System Reporting and Recordkeeping Requirements Reserve Requirements of Depository Institutions: Reserves Simplification , http://www.frbservices.org/centralbank/reservescentral/index.html#rmc http://www.frbservices.org/regulations/operating_circulars.html Vol. 77, no. 71 Office of the Federal Register, National Archives and Records Administration 2012-04-12 continuing daily deposited born digital 352 p. Table of Contents: AE 2.7: GS 4.107: AE 2.106: KF70.A2 https://www.govinfo.gov/app/details/FR-2012-04-12 P0b002ee1825d1654 0097-6326 0042-1219 0364-1406 769-004-00000-9 000582072 f:fr12ap12 https://www.govinfo.gov/app/details/FR-2012-04-12 https://www.govinfo.gov/content/pkg/FR-2012-04-12/pdf/FR-2012-04-12.pdf https://www.govinfo.gov/content/pkg/FR-2012-04-12/xml/FR-2012-04-12.xml fdlp 21841 22184 DGPO 2012-04-24 2024-06-03 FR-2012-04-12 machine generated eng FR FR-2012-04-12 77 71