Circular
Board Announces Final Revisions to 1980 Interpretation of Regulation D
April 5, 2007
Circular No. 11853

The Federal Reserve Board has announced final revisions to its 1980 interpretation of Regulation D (Reserve Requirements of Depository Institutions), which sets forth criteria for the "bankers' bank" exemption from reserve requirements.

The revisions authorized the Board to determine, on a case by case basis, whether certain entities not already expressly authorized in the interpretation may become customers of bankers' banks to a limited extent.

The final rule will become effective 30 days after the Board publishes the notice in the Federal Register.

Press release offsite