What's New: Annual Adjustments for Reserve Calculations & Deposit Reporting

Monday, December 14, 2009 at 11:00AM
Banking Spectrum in Compliance, Operations, What's New

The Federal Reserve Board recently announced the annual indexing of the reserve requirement exemption amount and of the low reserve tranche for 2010. These amounts are used in the calculation of reserve requirements of depository institutions. The Board also announced the annual indexing of the nonexempt deposit cutoff level and the reduced reporting limit that will be used to determine deposit reporting panels effective 2010.

See sub-chapter Reserve Requirements for updated information.

Article originally appeared on Banking Spectrum (https://www.bankingspectrum.com/).