United States Government Publishing Office
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FR
Regulatory Information
2020_register
executive
2020-03-24
article
Regulation D: Reserve Requirements of Depository Institutions
Rules and Regulations
D09002ee1c110ed44
D09002ee1c110edc3
United States
Federal Reserve System
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org
United States Government Agency or Subagency
The Board of Governors of the Federal Reserve System (``Board'') is amending Regulation D (Reserve Requirements of Depository Institutions) to revise the rate of interest paid on balances maintained to satisfy reserve balance requirements (``IORR'') and the rate of interest paid on excess balances (``IOER'') maintained at Federal Reserve Banks by or on behalf of eligible institutions. The final amendments specify that IORR is 0.10 percent and IOER is 0.10 percent, a 1.00 percentage point decrease from their prior levels. The amendments are intended to enhance the role of IORR and IOER in maintaining the Federal funds rate in the target range established by the Federal Open Market Committee (``FOMC'' or ``Committee'').
85 FR 16526
https://www.govinfo.gov/app/details/FR-2020-03-24/2020-05805
2020-05805
fr24mr20-4
6210-01-P
Docket No. R-1701
RIN 7100-AF 75
https://www.govinfo.gov/app/details/FR-2020-03-24/2020-05805
https://www.govinfo.gov/content/pkg/FR-2020-03-24/html/2020-05805.htm
https://www.govinfo.gov/content/pkg/FR-2020-03-24/pdf/2020-05805.pdf
Banks
Banking
Reporting and Recordkeeping Requirements
3 p.
16526
16528
85 FR 16526
Code of Federal Regulations
Title 12 Part 204
12 CFR Part 204
Regulation D: Reserve Requirements of Depository Institutions; Federal Register Vol. 85, Issue
RULE
2020-05805
FEDERAL RESERVE SYSTEM
2020-03-24
Docket No. R-1701
RIN 7100-AF 75
6210-01-P
2020-05805
Final rule.
The Board of Governors of the Federal Reserve System (``Board'') is amending Regulation D (Reserve Requirements of Depository Institutions) to revise the rate of interest paid on balances maintained to satisfy reserve balance requirements (``IORR'') and the rate of interest paid on excess balances (``IOER'') maintained at Federal Reserve Banks by or on behalf of eligible institutions. The final amendments specify that IORR is 0.10 percent and IOER is 0.10 percent, a 1.00 percentage point decrease from their prior levels. The amendments are intended to enhance the role of IORR and IOER in maintaining the Federal funds rate in the target range established by the Federal Open Market Committee (``FOMC'' or ``Committee'').
Effective date: The amendments to part 204 (Regulation D) are effective March 24, 2020.
Sophia H. Allison, Senior Special Counsel (202-452-3565), Legal Division, or Francis Martinez, Senior Financial Institution & Policy Analyst (202-245-4217), or Laura Lipscomb, Assistant Director (202-912-7964), Division of Monetary Affairs; 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
Reporting and Recordkeeping Requirements
Federal Register
Vol. 85, no. 57
Office of the Federal Register, National Archives and Records Administration
2020-03-24
continuing
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379 p.
Table of Contents:
AE 2.7:
GS 4.107:
AE 2.106:
KF70.A2
https://www.govinfo.gov/app/details/FR-2020-03-24
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https://www.govinfo.gov/app/details/FR-2020-03-24
https://www.govinfo.gov/content/pkg/FR-2020-03-24/pdf/FR-2020-03-24.pdf
https://www.govinfo.gov/content/pkg/FR-2020-03-24/xml/FR-2020-03-24.xml
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16519
16886
DGPO
2020-03-24
2023-09-28
FR-2020-03-24
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eng
FR
FR-2020-03-24
85
57