Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Fed releases Reg D reserve information
WASHINGTON (10/31/11)—The Federal Reserve Board last week announced the annual indexing of the reserve requirement exemption amount and of the low reserve tranche for 2012.

Starting on Dec. 5, the amount of total reservable liabilities for depository institutions that are subject to a 0% reserve requirement in 2012 will be set at $11.5 million. The Regulation D amendment also set the amount of net transaction accounts at each depository institution that is subject to a 3% reserve requirement in 2012 at $71.0 million.

These amounts are used in the calculation of reserve requirements of depository institutions.

The Fed release also reports the annual indexing of the nonexempt deposit cutoff level and the reduced reporting limit that will be used to determine deposit reporting panels in 2012.

The Credit Union National Association (CUNA) is also currently seeking credit union comment on a separate Reg D proposal that is intended to simplify the administration of reserve requirements. The proposal would create a common two-week maintenance period for all depository institutions, create a penalty-free band around reserve balance requirements in place of carryover and routine penalty waivers, discontinue as-of adjustments related to deposit revisions, replace all other as-of adjustments with direct compensation, and eliminate the contractual clearing balance program. CUNA is accepting comment on this proposal until Nov. 23.

For the full Fed release and the CUNA comment call, use the resource links.
Other Resources

RSS print
News Now LiveWire
For the last 75 years, even in the most difficult of times, Mill Town #CU has been there for the community it serves. Read #NewsNow Tues.
1 hours ago
The 1st vid shows how consumer can become victim and, advice to those who think they've been targeted. http://t.co/hr9VHpzEze
5 hours ago
.@TheNCUA has released two videos designed to raise awareness of elder financial abuse. http://t.co/iddSxr7H40
5 hours ago
Celebrate #100MM with @MDDCCUA1 at Orioles v Blue Jays tonight at Camden Yards
5 hours ago
The At Home In Lawrence mortgage program from @MetroCU is designed to help revitalize Lawrence, Mass.
6 hours ago