Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

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
Maine credit unions put Food Mobile on the road to relieving hunger in rural areas http://t.co/R0xpt6BAZE
1 Day ago
.@TheNCUA's Matz: PALS should be exempt from Military Lending Act proposal #NewsNow http://t.co/Vy9uNhOIEr
1 minutes ago
#NewsNow Iowa loan growth 3 times national bank rate http://t.co/fUvudPLg5d
2 hours ago
.@ICBA tallies its Home Depot data breach costs: $90M, 7.5M cards http://t.co/iJgRDC2AKZ
3 hours ago
.@icul's Jury elected treasurer of @WOCCU exec committee http://t.co/HEF1UChN8f
4 hours ago