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

Friday, October 28, 2011 at 3:40PM
Banking Spectrum in Compliance, What's New

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.

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