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Annual adjustments for reserve calculations and deposit reporting.(Announcements)
- Article from:
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Federal Reserve Bulletin
- Article date:
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September 22, 2005
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Copyright informationCOPYRIGHT 2005 Board of Governors of the Federal Reserve System. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Federal Reserve Board announced on October 4, 2005, the annual indexing of the low reserve tranche and of the reserve requirement exemption amount for 2006. These amounts are used in the calculation of reserve requirements of depository institutions. The Board also announced the annual indexing of the cutoff level for nonexempt deposit and the reduced reporting limit that will be used to determine deposit reporting panels, effective September 2006.
All depository institutions must hold a percentage of certain types of deposits as reserves in the form of vault cash, as a deposit in a Federal Reserve Bank, or as a deposit in a pass-through account at a correspondent ...