82 FR 51754 - Regulation D; Docket No. OP-1582; Reserve Requirements of Depository Institutions
FEDERAL RESERVE SYSTEM Federal Register Volume 82, Issue 215 (November 8, 2017)
Federal Register Volume 82, Issue 215 (November 8, 2017)
| Page Range | 51754-51756 | |
| FR Document | 2017-24297 |
[Federal Register Volume 82, Number 215 (Wednesday, November 8, 2017)] [Rules and Regulations] [Pages 51754-51756] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2017-24297] ======================================================================= ----------------------------------------------------------------------- FEDERAL RESERVE SYSTEM 12 CFR Part 204 Regulation D; Docket No. OP-1582; Reserve Requirements of Depository Institutions AGENCY: Board of Governors of the Federal Reserve System. ACTION: Final rule. ----------------------------------------------------------------------- SUMMARY: The Board is amending Regulation D, Reserve Requirements of Depository Institutions, to reflect the annual indexing of the reserve requirement exemption amount and the low reserve tranche for 2018. The Regulation D amendments set the amount of total reservable liabilities of each depository institution that is subject to a zero percent reserve requirement in 2018 at $16.0 million (up from $15.5 million in 2017). This amount is known as the reserve requirement exemption amount. The Regulation D amendments also set the amount of net transaction accounts at each depository institution (over the reserve requirement exemption amount) that is subject to a three percent reserve requirement in 2018 at $122.3 million (up from $115.1 million in 2017). This amount is known as the low reserve tranche. The adjustments to both of these amounts are derived using statutory formulas specified in the Federal Reserve Act. The Board is also announcing changes in two other amounts, the nonexempt deposit cutoff level and the reduced reporting limit, that are used to determine the frequency at which depository institutions must submit deposit reports. DATES: Effective Date: December 8, 2017. Compliance Dates: The new low reserve tranche and reserve requirement exemption amount will apply to the fourteen-day reserve maintenance period that begins January 18, 2018. For depository institutions that report deposit data weekly, this maintenance period corresponds to the fourteen-day computation period that begins December 19, 2017. For depository institutions that report deposit data quarterly, this maintenance period corresponds to the seven-day computation period that begins December 19, 2017. The new values of the nonexempt deposit cutoff level, the reserve requirement exemption amount, and the reduced reporting limit will be used to determine the frequency at which a depository institution submits deposit reports effective in either June or September 2018. FOR FURTHER INFORMATION CONTACT: Clinton N. Chen, Senior Attorney (202- 452-3952), Legal Division, or Kristen R. Payne, Financial Analyst (202- 452-2872), Division of Monetary Affairs; for users of Telecommunications Device for the Deaf (TDD) only, contact (202/263- 4869); Board of Governors of the Federal Reserve System, 20th and C Streets NW., Washington, DC 20551. SUPPLEMENTARY INFORMATION: Section 19(b)(2) of the Federal Reserve Act (12 U.S.C. 461(b)(2)) requires each depository institution to maintain reserves against its transaction accounts and nonpersonal time deposits, as prescribed by Board regulations, for the purpose of implementing monetary policy. Section 11(a)(2) of the Federal Reserve Act (12 U.S.C. 248(a)(2)) authorizes the Board to require reports of liabilities and assets from depository institutions to enable the Board to conduct monetary policy. The Board's actions with respect to each of these provisions are discussed in turn below. I. Reserve Requirements Pursuant to section 19(b) of the Federal Reserve Act (Act), transaction account balances maintained at each depository institution are subject to reserve requirement ratios of zero, three, or ten percent. Section 19(b)(11)(A) of the Act (12 U.S.C. 461(b)(11)(A)) provides that a zero percent reserve requirement shall apply at each depository institution to total reservable liabilities that do not exceed a certain amount, known as the reserve requirement exemption amount. Section 19(b)(11)(B) provides that, before December 31 of each year, the Board shall issue a regulation adjusting the reserve requirement exemption amount for the next calendar year if total reservable liabilities held at all depository institutions increase from one year to the next. No adjustment is made to the reserve requirement exemption amount if total reservable liabilities held at all depository institutions should decrease during the applicable time period. The Act requires the percentage increase in the reserve requirement exemption amount to be 80 percent of the increase in total reservable liabilities of all depository institutions over the one-year period that ends on the June 30 prior to the adjustment. Total reservable liabilities of all depository institutions increased by 3.9 percent, from $7,531 billion to $7,821 billion, between June 30, 2016, and June 30, 2017. Accordingly, the Board is amending Regulation D to set the reserve requirement exemption amount for 2018 at $16.0 million, an increase of $0.5 million from its level in 2017.\1\ --------------------------------------------------------------------------- \1\ Consistent with Board practice, the low reserve tranche and reserve requirement exemption amounts have been rounded to the nearest $0.1 million. --------------------------------------------------------------------------- Pursuant to Section 19(b)(2) of the Act (12 U.S.C. 461(b)(2)), transaction account balances maintained at each depository institution over the reserve requirement exemption amount and up to a certain amount, known as the low reserve tranche, are subject to a three percent reserve requirement. Transaction account balances over the low reserve tranche are subject to a ten percent reserve requirement. Section 19(b)(2) also provides that, before December 31 of each year, the Board shall issue a regulation adjusting the low reserve tranche for the next calendar year. The Act requires the adjustment in the low reserve tranche to be 80 percent of the percentage increase or decrease in total transaction accounts of all depository institutions over the one-year period that ends on the June 30 prior to the adjustment. Net transaction accounts of all depository institutions increased 7.8 percent, from $2,200 billion to $2,372 billion, between June 30, 2016, and June 30, 2017. Accordingly, the Board is amending Regulation D to set the low reserve tranche for net transaction accounts for 2018 at $122.3 million, an increase of $7.2 million from 2017. The new low reserve tranche and reserve requirement exemption amount will be effective for all depository institutions for the fourteen-day reserve maintenance period beginning Thursday, January 18, 2018. For depository institutions that report deposit data weekly, this maintenance period corresponds to the fourteen-day computation period that begins December 19, 2017. For depository institutions that report deposit data quarterly, this maintenance period corresponds to the seven-day computation period that begins December 19, 2017. II. Deposit Reports Section 11(b)(2) of the Federal Reserve Act authorizes the Board to [[Page 51755]] require depository institutions to file reports of their liabilities and assets as the Board may determine to be necessary or desirable to enable it to discharge its responsibility to monitor and control the monetary and credit aggregates. The Board screens depository institutions each year and assigns them to one of four deposit reporting panels (weekly reporters, quarterly reporters, annual reporters, or nonreporters). The panel assignment for annual reporters is effective in June of the screening year; the panel assignment for weekly and quarterly reporters is effective in September of the screening year. In order to ease reporting burden, the Board permits smaller depository institutions to submit deposit reports less frequently than larger depository institutions. The Board permits depository institutions with net transaction accounts above the reserve requirement exemption amount but total transaction accounts, savings deposits, and small time deposits below a specified level (the ``nonexempt deposit cutoff'') to report deposit data quarterly. Depository institutions with net transaction accounts above the reserve requirement exemption amount and with total transaction accounts, savings deposits, and small time deposits greater than or equal to the nonexempt deposit cutoff are required to report deposit data weekly. The Board requires certain large depository institutions to report weekly regardless of the level of their net transaction accounts if the depository institution's total transaction accounts, savings deposits, and small time deposits exceeds or is equal to a specified level (the ``reduced reporting limit''). The nonexempt deposit cutoff level and the reduced reporting limit are adjusted annually, by an amount equal to 80 percent of the increase, if any, in total transaction accounts, savings deposits, and small time deposits of all depository institutions over the one-year period that ends on the June 30 prior to the adjustment. From June 30, 2016, to June 30, 2017, total transaction accounts, savings deposits, and small time deposits at all depository institutions increased 6.1 percent, from $11,457 billion to $12,157 billion. Accordingly, the Board is increasing the nonexempt deposit cutoff level by $21.3 million to $457.5 million for 2018 (up from $436.2 million for 2017). The Board is also increasing the reduced reporting limit by $97.2 million to $2.086 billion for 2018 (up from $1.989 billion in 2017).\2\ --------------------------------------------------------------------------- \2\ Consistent with Board practice, the nonexempt deposit cutoff level has been rounded to the nearest $0.1 million, and the reduced reporting limit has been rounded to the nearest $1 million. --------------------------------------------------------------------------- Beginning in 2018, the boundaries of the four deposit reporting panels will be defined as follows. Those depository institutions with net transaction accounts over $16.0 million (the reserve requirement exemption amount) or with total transaction accounts, savings deposits, and small time deposits greater than or equal to $2.086 billion (the reduced reporting limit) are subject to detailed reporting, and must file a Report of Transaction Accounts, Other Deposits and Vault Cash (FR 2900 report) either weekly or quarterly. Of this group, those with total transaction accounts, savings deposits, and small time deposits greater than or equal to $457.5 million (the nonexempt deposit cutoff level) are required to file the FR 2900 report each week, while those with total transaction accounts, savings deposits, and small time deposits less than $457.5 million are required to file the FR 2900 report each quarter. Those depository institutions with net transaction accounts less than or equal to $16.0 million (the reserve requirement exemption amount) and with total transaction accounts, savings deposits, and small time deposits less than $2.086 billion (the reduced reporting limit) are eligible for reduced reporting, and must either file a deposit report annually or not at all. Of this group, those with total deposits greater than $16.0 million (but with total transaction accounts, savings deposits, and small time deposits less than $2.086 billion) are required to file the Annual Report of Deposits and Reservable Liabilities (FR 2910a) report annually, while those with total deposits less than or equal to $16.0 million are not required to file a deposit report. A depository institution that adjusts reported values on its FR 2910a report in order to qualify for reduced reporting will be shifted to an FR 2900 reporting panel. Regulatory Analysis Administrative Procedure Act The provisions of 5 U.S.C. 553(b) relating to notice of proposed rulemaking have not been followed in connection with the adoption of these amendments. The amendments involve expected, ministerial adjustments prescribed by statute and by the Board's policy concerning reporting practices. The adjustments in the reserve requirement exemption amount, the low reserve tranche, the nonexempt deposit cutoff level, and the reduced reporting limit serve to reduce regulatory burdens on depository institutions. Accordingly, the Board finds good cause for determining, and so determines, that notice in accordance with 5 U.S.C. 553(b) is unnecessary. Regulatory Flexibility Act The Regulatory Flexibility Act (RFA) does not apply to a rulemaking where a general notice of proposed rulemaking is not required.\3\ As noted previously, the Board has determined that it is unnecessary to publish a general notice of proposed rulemaking for this final rule. Accordingly, the RFA's requirements relating to an initial and final regulatory flexibility analysis do not apply. --------------------------------------------------------------------------- \3\ 5 U.S.C. 603 and 604. --------------------------------------------------------------------------- Paperwork Reduction Act In accordance with the Paperwork Reduction Act of 1995,\4\ the Board reviewed this final rule. No collections of information pursuant to the Paperwork Reduction Act are contained in the final rule. --------------------------------------------------------------------------- \4\ 44 U.S.C. 3506; 5 CFR 1320. --------------------------------------------------------------------------- List of Subjects in 12 CFR Part 204 Banks, banking, Reporting and recordkeeping requirements. For the reasons set forth in the preamble, the Board is amending 12 CFR part 204 as follows: PART 204--RESERVE REQUIREMENTS OF DEPOSITORY INSTITUTIONS (REGULATION D) 0 1. The authority citation for part 204 continues to read as follows: Authority: 12 U.S.C. 248(a), 248(c), 461, 601, 611, and 3105. 0 2. Section 204.4 is amended by revising paragraph (f) to read as follows: Sec. 204.4 Computation of required reserves. * * * * * (f) For all depository institutions, Edge and Agreement corporations, and United States branches and agencies of foreign banks, required reserves are computed by applying the reserve requirement ratios below to net transaction accounts, nonpersonal time deposits, and Eurocurrency liabilities of the institution during the computation period. [[Page 51756]] ------------------------------------------------------------------------ Reservable liability Reserve requirement ------------------------------------------------------------------------ Net Transaction Accounts: $0 to reserve requirement exemption 0 percent of amount. amount ($16.0 million). Over reserve requirement exemption 3 percent of amount. amount ($16.0 million) and up to low reserve tranche ($122.3 million). Over low reserve tranche ($122.3 $3,189,000 plus 10 percent of million). amount over $122.3 million. Nonpersonal time deposits.............. 0 percent. Eurocurrency liabilities............... 0 percent. ------------------------------------------------------------------------ By order of the Board of Governors of the Federal Reserve System, acting through the Director of the Division of Monetary Affairs under delegated authority, November 2, 2017. Ann E. Misback, Secretary of the Board. [FR Doc. 2017-24297 Filed 11-7-17; 8:45 am] BILLING CODE 6210-01-P
![51754 Federal Register / Vol. 82, No. 215 / Wednesday, November 8, 2017 / Rules and Regulations
the OIG to another agency for law institutions that report deposit data percent of the increase in total
enforcement purposes. quarterly, this maintenance period reservable liabilities of all depository
* * * * * corresponds to the seven-day institutions over the one-year period
computation period that begins that ends on the June 30 prior to the
Dated: November 3, 2017.
December 19, 2017. The new values of adjustment.
Susan A. Poling, the nonexempt deposit cutoff level, the Total reservable liabilities of all
General Counsel, Government Accountability reserve requirement exemption amount, depository institutions increased by 3.9
Office. and the reduced reporting limit will be percent, from $7,531 billion to $7,821
[FR Doc. 2017–24340 Filed 11–7–17; 8:45 am] used to determine the frequency at billion, between June 30, 2016, and June
BILLING CODE 1610–02–P which a depository institution submits 30, 2017. Accordingly, the Board is
deposit reports effective in either June amending Regulation D to set the
or September 2018. reserve requirement exemption amount
FEDERAL RESERVE SYSTEM FOR FURTHER INFORMATION CONTACT: for 2018 at $16.0 million, an increase of
Clinton N. Chen, Senior Attorney (202– $0.5 million from its level in 2017.1
12 CFR Part 204 Pursuant to Section 19(b)(2) of the Act
452–3952), Legal Division, or Kristen R.
(12 U.S.C. 461(b)(2)), transaction
Regulation D; Docket No. OP–1582; Payne, Financial Analyst (202–452–
account balances maintained at each
Reserve Requirements of Depository 2872), Division of Monetary Affairs; for
depository institution over the reserve
Institutions users of Telecommunications Device for
requirement exemption amount and up
the Deaf (TDD) only, contact (202/263–
AGENCY: Board of Governors of the to a certain amount, known as the low
4869); Board of Governors of the Federal
Federal Reserve System. reserve tranche, are subject to a three
Reserve System, 20th and C Streets
percent reserve requirement.
ACTION: Final rule. NW., Washington, DC 20551.
Transaction account balances over the
SUPPLEMENTARY INFORMATION: Section low reserve tranche are subject to a ten
SUMMARY: The Board is amending 19(b)(2) of the Federal Reserve Act (12
Regulation D, Reserve Requirements of percent reserve requirement. Section
U.S.C. 461(b)(2)) requires each 19(b)(2) also provides that, before
Depository Institutions, to reflect the depository institution to maintain
annual indexing of the reserve December 31 of each year, the Board
reserves against its transaction accounts shall issue a regulation adjusting the
requirement exemption amount and the and nonpersonal time deposits, as
low reserve tranche for 2018. The low reserve tranche for the next
prescribed by Board regulations, for the calendar year. The Act requires the
Regulation D amendments set the purpose of implementing monetary
amount of total reservable liabilities of adjustment in the low reserve tranche to
policy. Section 11(a)(2) of the Federal be 80 percent of the percentage increase
each depository institution that is Reserve Act (12 U.S.C. 248(a)(2)) or decrease in total transaction accounts
subject to a zero percent reserve authorizes the Board to require reports of all depository institutions over the
requirement in 2018 at $16.0 million of liabilities and assets from depository one-year period that ends on the June 30
(up from $15.5 million in 2017). This institutions to enable the Board to prior to the adjustment.
amount is known as the reserve conduct monetary policy. The Board’s Net transaction accounts of all
requirement exemption amount. The actions with respect to each of these depository institutions increased 7.8
Regulation D amendments also set the provisions are discussed in turn below. percent, from $2,200 billion to $2,372
amount of net transaction accounts at billion, between June 30, 2016, and June
each depository institution (over the I. Reserve Requirements
30, 2017. Accordingly, the Board is
reserve requirement exemption amount) Pursuant to section 19(b) of the amending Regulation D to set the low
that is subject to a three percent reserve Federal Reserve Act (Act), transaction reserve tranche for net transaction
requirement in 2018 at $122.3 million account balances maintained at each accounts for 2018 at $122.3 million, an
(up from $115.1 million in 2017). This depository institution are subject to increase of $7.2 million from 2017.
amount is known as the low reserve reserve requirement ratios of zero, three, The new low reserve tranche and
tranche. The adjustments to both of or ten percent. Section 19(b)(11)(A) of reserve requirement exemption amount
these amounts are derived using the Act (12 U.S.C. 461(b)(11)(A)) will be effective for all depository
statutory formulas specified in the provides that a zero percent reserve institutions for the fourteen-day reserve
Federal Reserve Act. requirement shall apply at each maintenance period beginning
The Board is also announcing changes depository institution to total reservable Thursday, January 18, 2018. For
in two other amounts, the nonexempt liabilities that do not exceed a certain depository institutions that report
deposit cutoff level and the reduced amount, known as the reserve deposit data weekly, this maintenance
reporting limit, that are used to requirement exemption amount. period corresponds to the fourteen-day
determine the frequency at which Section 19(b)(11)(B) provides that, computation period that begins
depository institutions must submit before December 31 of each year, the December 19, 2017. For depository
deposit reports. Board shall issue a regulation adjusting institutions that report deposit data
DATES: the reserve requirement exemption quarterly, this maintenance period
Effective Date: December 8, 2017. amount for the next calendar year if corresponds to the seven-day
Compliance Dates: The new low total reservable liabilities held at all computation period that begins
reserve tranche and reserve requirement depository institutions increase from December 19, 2017.
exemption amount will apply to the one year to the next. No adjustment is II. Deposit Reports
fourteen-day reserve maintenance made to the reserve requirement
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period that begins January 18, 2018. For exemption amount if total reservable Section 11(b)(2) of the Federal
depository institutions that report liabilities held at all depository Reserve Act authorizes the Board to
deposit data weekly, this maintenance institutions should decrease during the
1 Consistent with Board practice, the low reserve
period corresponds to the fourteen-day applicable time period. The Act requires tranche and reserve requirement exemption
computation period that begins the percentage increase in the reserve amounts have been rounded to the nearest $0.1
December 19, 2017. For depository requirement exemption amount to be 80 million.
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Reservable liability Reserve requirement
Net Transaction Accounts:
$0 to reserve requirement exemption amount ($16.0 million) .......... 0 percent of amount.
Over reserve requirement exemption amount ($16.0 million) and 3 percent of amount.
up to low reserve tranche ($122.3 million).
Over low reserve tranche ($122.3 million) ........................................ $3,189,000 plus 10 percent of amount over $122.3 million.
Nonpersonal time deposits ....................................................................... 0 percent.
Eurocurrency liabilities .............................................................................. 0 percent.
By order of the Board of Governors of the information on the availability of FAA Subsequent to publication, the FAA
Federal Reserve System, acting through the Order 7400.11B at NARA, call (202) discovered that ‘‘Memorial’’ was
Director of the Division of Monetary Affairs 741–6030, or go to https:// inadvertently omitted from the airport
under delegated authority, November 2, www.archives.gov/federal-register/cfr/ name in the regulatory text of the NPRM
2017.
ibr-locations.html. and is corrected in this action.
Ann E. Misback, Except for the edit noted above, this
FAA Order 7400.11, Airspace
Secretary of the Board. Designations and Reporting Points, is rule is the same as published in the
[FR Doc. 2017–24297 Filed 11–7–17; 8:45 am] published yearly and effective on NPRM.
BILLING CODE 6210–01–P September 15. Class E airspace designations are
FOR FURTHER INFORMATION CONTACT:
published in paragraph 6005 of FAA
Jeffrey Claypool, Federal Aviation Order 7400.11B, dated August 3, 2017,
DEPARTMENT OF TRANSPORTATION Administration, Operations Support and effective September 15, 2017, which
Group, Central Service Center, 10101 is incorporated by reference in 14 CFR
Federal Aviation Administration 71.1. The Class E airspace designations
Hillwood Parkway, Fort Worth, TX
76177; telephone (817) 222–5711. listed in this document will be
14 CFR Part 71 published subsequently in the Order.
SUPPLEMENTARY INFORMATION:
[Docket No. FAA–2017–0620; Airspace Availability and Summary of
Docket No. 17–ASW–10] Authority for This Rulemaking Documents for Incorporation by
The FAA’s authority to issue rules Reference
Establishment Class E Airspace;
Cisco, TX regarding aviation safety is found in This document amends FAA Order
Title 49 of the United States Code. 7400.11B, Airspace Designations and
AGENCY: Federal Aviation Subtitle I, Section 106 describes the Reporting Points, dated August 3, 2017,
Administration (FAA), DOT. authority of the FAA Administrator. and effective September 15, 2017. FAA
ACTION: Final rule. Subtitle VII, Aviation Programs, Order 7400.11B is publicly available as
describes in more detail the scope of the listed in the ADDRESSES section of this
SUMMARY: This action establishes Class agency’s authority. This rulemaking is document. FAA Order 7400.11B lists
E airspace extending upward from 700 promulgated under the authority Class A, B, C, D, and E airspace areas,
feet above the surface at Gregory M. described in Subtitle VII, Part A, air traffic service routes, and reporting
Simmons Memorial Airport, Cisco, TX, Subpart I, Section 40103. Under that points.
to accommodate a new public section, the FAA is charged with
instrument approach procedure at the prescribing regulations to assign the use The Rule
airport and for safety and management of airspace necessary to ensure the This amendment to Title 14, Code of
of instrument flight rules (IFR) safety of aircraft and the efficient use of Federal Regulations (14 CFR) part 71
operations at the airport. Also, a airspace. This regulation is within the establishes Class E airspace extending
correction is made to the airport name scope of that authority as it establishes upward from 700 feet above the surface
in the regulatory text. Class E airspace extending upward from within a 6.6-mile radius of Gregory M.
DATES: Effective 0901 UTC, February 1, 700 feet above the surface at Gregory M. Simmons Memorial Airport, Cisco, TX,
2018. The Director of the Federal Simmons Memorial Airport, Cisco, TX, due to the establishment of a new public
Register approves this incorporation by to support IFR operations at this airport. instrument approach procedure at the
reference action under Title 1, Code of airport. Controlled airspace is necessary
Federal Regulations, part 51, subject to History
for the safety and management of
the annual revision of FAA Order On August 1, 2017, the FAA instrument approach procedures for IFR
7400.11 and publication of conforming published in the Federal Register (82 operations at the airport. The airport
amendments. FR 35716) Docket No. FAA–2017–0620, name is corrected to Gregory M.
ADDRESSES: FAA Order 7400.11B, a notice of proposed rulemaking Simmons Memorial Airport, from
Airspace Designations and Reporting (NPRM) to establish Class E airspace Gregory M. Simmons Airport, as set
Points, and subsequent amendments can extending upward from 700 feet above forth in the regulatory text of the NPRM.
be viewed online at http://www.faa.gov/ the surface at Gregory M. Simmons
air_traffic/publications/. For further Memorial Airport, Cisco, TX, to support Regulatory Notices and Analyses
information, you can contact the the new public instrument approach The FAA has determined that this
Airspace Policy Group, Federal Aviation procedure and enhance the safety and regulation only involves an established
ethrower on DSK3G9T082PROD with RULES
Administration, 800 Independence management of IFR operations at this body of technical regulations for which
Avenue SW., Washington, DC 20591; airport. Interested parties were invited frequent and routine amendments are
telephone: (202) 267–8783. The Order is to participate in this rulemaking effort necessary to keep them operationally
also available for inspection at the by submitting written comments on the current, is non-controversial and
National Archives and Records proposal to the FAA. No comments unlikely to result in adverse or negative
Administration (NARA). For were received. comments. It, therefore: (1) Is not a
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Document Created: 2017-11-08 01:20:15
Document Modified: 2017-11-08 01:20:15
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
| Publisher | Office of the Federal Register, National Archives and Records Administration | |
| Section | Rules and Regulations | |
| Action | Final rule. | |
| Dates | Effective Date: December 8, 2017. | |
| Contact | Clinton N. Chen, Senior Attorney (202- 452-3952), Legal Division, or Kristen R. Payne, Financial Analyst (202- 452-2872), Division of Monetary Affairs; for users of Telecommunications Device for the Deaf (TDD) only, contact (202/263- 4869); Board of Governors of the Federal Reserve System, 20th and C Streets NW., Washington, DC 20551. | |
| FR Citation | 82 FR 51754 | |
| CFR Associated | Banks; Banking and Reporting and Recordkeeping Requirements |
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