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Ex. AGY-FED-FINANCIAL-010 Order Primary source read

Interim final rule, Regulation D: Reserve Requirements of Depository Institutions, 85 Fed. Reg. 16525 (Mar. 24, 2020) (Docket R-1705)

Regulation D: Reserve Requirements of Depository Institutions

Board of Governors of the Federal Reserve System · United States; Board of Governors of the Federal Reserve System (federal) (Federal)

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The record

Jurisdiction
United States; Board of Governors of the Federal Reserve System (federal)
Level
Federal
Authority
12 U.S.C. § 461(b)
Issued
2020-03-24 Mar. 24, 2020
Effective
2020-03-26 (reserve requirement ratios reduced to zero percent effective with the reserve maintenance period beginning March 26, 2020) (read as 2020-03-26)
End
Permanent (ratios remain zero) (read as 2021-09-30)
In force
Mar. 26, 2020 to Sept. 30, 2021
Quarters
2020 Q22020 Q32020 Q42021 Q12021 Q22021 Q3
Limitation types
Other
Addressees
  • all depository institutions
Functions reached
  • BL and CL lending capacity
  • OP treasury and liquidity management
Collection
Federal financial regulators AGY-FED-FINANCIAL

Operative words

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

Notes

Announced March 15, 2020 (Ex. 028) as part of the Board's actions to support the flow of credit; context for the deposit-account amendment of April 24 (Ex. 018)

Retrieval note

Federal Register PDF read.

A record of The COVID Project. The instrument's text is the source's; the summary fields are The COVID Project's reading of it. Not legal advice.