{"id":"AGY-FED-FINANCIAL-010","kind":"order","level":"federal","jurisdiction":"United States; Board of Governors of the Federal Reserve System (federal)","state":"","metro":"","industry":"","agency":"FED-FINANCIAL","eco":"","issuer":"Board of Governors of the Federal Reserve System","authority":"12 U.S.C. § 461(b)","instrument":"Interim final rule, Regulation D: Reserve Requirements of Depository Institutions, 85 Fed. Reg. 16525 (Mar. 24, 2020) (Docket R-1705)","title":"Regulation D: Reserve Requirements of Depository Institutions","dateIssued":"2020-03-24","effective":"2020-03-26 (reserve requirement ratios reduced to zero percent effective with the reserve maintenance period beginning March 26, 2020)","end":"Permanent (ratios remain zero)","startDate":"2020-03-26","endDate":"2021-09-30","quarters":["2020Q2","2020Q3","2020Q4","2021Q1","2021Q2","2021Q3"],"types":["OTHER"],"addressees":["all depository institutions"],"clause":"The Board... [amends Regulation D to] reduce the reserve requirement ratios [on transaction accounts of] depository institutions to zero percent.... The reserve requirement ratios... are effective on [March 26, 2020].","enforcement":"12 U.S.C. § 461; 12 C.F.R. part 204","functions":["BL and CL lending capacity","OP treasury and liquidity management"],"notes":"Announced March 15, 2020 (Ex. 028) as part of the Board\u0027s actions to support the flow of credit; context for the deposit-account amendment of April 24 (Ex. 018)","sourceUrl":"https://www.govinfo.gov/content/pkg/FR-2020-03-24/pdf/2020-05806.pdf","snapshot":"","fileExists":true,"fileBytes":229555,"grade":"primary","character":"","description":"","collection":"AGY-FED-FINANCIAL","url":"/library/AGY-FED-FINANCIAL-010","exhibitUrl":"/exhibit/AGY-FED-FINANCIAL-010","citation":"Board of Governors of the Federal Reserve System, Interim final rule, Regulation D: Reserve Requirements of Depository Institutions, 85 Fed. Reg. 16525 (Mar. 24, 2020) (Docket R-1705) (Ex. AGY-FED-FINANCIAL-010)","stateName":"","related":["AGY-FED-FINANCIAL-012","AGY-FED-FINANCIAL-011","AGY-FED-FINANCIAL-028","AGY-FED-FINANCIAL-018","AGY-FED-FINANCIAL-021"]}