Federal Reserve System June 22, 2015 – Federal Register Recent Federal Regulation Documents

Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company
Document Number: 2015-15258
Type: Notice
Date: 2015-06-22
Agency: Federal Reserve System, Agencies and Commissions
Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Document Number: 2015-15257
Type: Notice
Date: 2015-06-22
Agency: Federal Reserve System, Agencies and Commissions
Regulation D: Reserve Requirements for Depository Institutions
Document Number: 2015-15238
Type: Rule
Date: 2015-06-22
Agency: Federal Reserve System, Agencies and Commissions
The Board is amending Regulation D (Reserve Requirements of Depository Institutions) regarding the payment of interest on certain balances maintained at Federal Reserve Banks by or on behalf of eligible institutions. Specifically, the amendments permit interest payments on certain balances to be based on a daily rate rather than on a maintenance period average rate. The amendments should help to enhance the role of such rates of interest in moving the Federal funds rate into the target range established by the FOMC, particularly on occasions when changes in those rates do not coincide with the beginning of a maintenance period.