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Friday
Oct282011

What's New: Annual adjustments for reserve calculations and deposit reporting

DateFriday, October 28, 2011 at 3:40PM by AuthorBanking Spectrum
The Federal Reserve Board announced this week, the annual indexing of the reserve requirement exemption amount and of the low reserve tranche for 2012. 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 2012. See Reserve Requirements in The Gold Book.
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