Reserve Requirements of Depository Institutions - Reserves Simplification (US Federal Reserve System Regulation) (FRS) (2018 Edition)

Reserve Requirements of Depository Institutions - Reserves Simplification (US Federal Reserve System Regulation) (FRS) (2018 Edition) The Law Library presents the complete text of the Reserve Requirements of Depository Institutions - Reserves Simplification (US Federal Reserve System Regulation) (FRS) (2018 Edition). Updated as of May 29, 2018 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. This book contains: - The complete text of the Reserve Requirements of Depository Institutions - Reserves Simplification (US Federal Reserve System Regulation) (FRS) (2018 Edition) - A table of contents with the page number of each section