83_FR_13162 83 FR 13103 - Regulation A: Extensions of Credit by Federal Reserve Banks

83 FR 13103 - Regulation A: Extensions of Credit by Federal Reserve Banks

FEDERAL RESERVE SYSTEM

Federal Register Volume 83, Issue 59 (March 27, 2018)

Page Range13103-13104
FR Document2018-06123

The Board of Governors of the Federal Reserve System (``Board'') has adopted final amendments to its Regulation A to reflect the Board's approval of an increase in the rate for primary credit at each Federal Reserve Bank. The secondary credit rate at each Reserve Bank automatically increased by formula as a result of the Board's primary credit rate action.

Federal Register, Volume 83 Issue 59 (Tuesday, March 27, 2018)
[Federal Register Volume 83, Number 59 (Tuesday, March 27, 2018)]
[Rules and Regulations]
[Pages 13103-13104]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-06123]



========================================================================
Rules and Regulations
                                                Federal Register
________________________________________________________________________

This section of the FEDERAL REGISTER contains regulatory documents 
having general applicability and legal effect, most of which are keyed 
to and codified in the Code of Federal Regulations, which is published 
under 50 titles pursuant to 44 U.S.C. 1510.

The Code of Federal Regulations is sold by the Superintendent of Documents. 

========================================================================


Federal Register / Vol. 83, No. 59 / Tuesday, March 27, 2018 / Rules 
and Regulations

[[Page 13103]]



FEDERAL RESERVE SYSTEM

12 CFR Part 201

[Docket No. R-1601]
RIN 7100 AF-00


Regulation A: Extensions of Credit by Federal Reserve Banks

AGENCY: Board of Governors of the Federal Reserve System.

ACTION: Final rule.

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SUMMARY: The Board of Governors of the Federal Reserve System 
(``Board'') has adopted final amendments to its Regulation A to reflect 
the Board's approval of an increase in the rate for primary credit at 
each Federal Reserve Bank. The secondary credit rate at each Reserve 
Bank automatically increased by formula as a result of the Board's 
primary credit rate action.

DATES: The amendments to part 201 (Regulation A) are effective March 
27, 2018. The rate changes for primary and secondary credit are 
applicable on March 22, 2018.

FOR FURTHER INFORMATION CONTACT: Sophia Allison, Special Counsel (202-
452-3565), or Clinton Chen, Senior Attorney (202-452-3952), Legal 
Division, or Lyle Kumasaka, Senior Financial Analyst (202-452-2382); 
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: The Federal Reserve Banks make primary and 
secondary credit available to depository institutions as a backup 
source of funding on a short-term basis, usually overnight. The primary 
and secondary credit rates are the interest rates that the twelve 
Federal Reserve Banks charge for extensions of credit under these 
programs. In accordance with the Federal Reserve Act, the primary and 
secondary credit rates are established by the boards of directors of 
the Federal Reserve Banks, subject to the review and determination of 
the Board.
    On March 21, 2018, the Board voted to approve a \1/4\ percentage 
point increase in the primary credit rate in effect at each of the 
twelve Federal Reserve Banks, thereby increasing from 2.00 percent to 
2.25 percent the rate that each Reserve Bank charges for extensions of 
primary credit. In addition, the Board had previously approved the 
renewal of the secondary credit rate formula, the primary credit rate 
plus 50 basis points. Under the formula, the secondary credit rate in 
effect at each of the twelve Federal Reserve Banks increased by \1/4\ 
percentage point as a result of the Board's primary credit rate action, 
thereby increasing from 2.50 percent to 2.75 percent the rate that each 
Reserve Bank charges for extensions of secondary credit. The amendments 
to Regulation A reflect these rate changes.
    The \1/4\ percentage point increase in the primary credit rate was 
associated with an increase in the target range for the federal funds 
rate (from a target range of 1\1/4\ to 1\1/2\ percent to a target range 
of 1\1/2\ to 1\3/4\ percent) announced by the Federal Open Market 
Committee on March 21, 2018, as described in the Board's amendment of 
its Regulation D published elsewhere in this issue of the Federal 
Register.

Administrative Procedure Act

    In general, the Administrative Procedure Act (``APA'') \1\ imposes 
three principal requirements when an agency promulgates legislative 
rules (rules made pursuant to congressionally delegated authority): (1) 
Publication with adequate notice of a proposed rule; (2) followed by a 
meaningful opportunity for the public to comment on the rule's content; 
and (3) publication of the final rule not less than 30 days before its 
effective date. The APA provides that notice and comment procedures do 
not apply if the agency for good cause finds them to be ``unnecessary, 
impracticable, or contrary to the public interest.'' \2\ Section 553(d) 
of the APA also provides that publication at least 30 days prior to a 
rule's effective date is not required for (1) a substantive rule which 
grants or recognizes an exemption or relieves a restriction; (2) 
interpretive rules and statements of policy; or (3) a rule for which 
the agency finds of good cause for shortened notice and publishes its 
reasoning with the rule.\3\ The APA further provides that the notice, 
public comment, and delayed effective date requirements of 5 U.S.C. 553 
do not apply ``to the extent that there is involved . . . a matter 
relating to agency management or personnel or to public property, 
loans, grants, benefits, or contracts.'' \4\
---------------------------------------------------------------------------

    \1\ 5 U.S.C. 551 et seq.
    \2\ 5 U.S.C. 553(b)(3)(A).
    \3\ 5 U.S.C. 553(d).
    \4\ 5 U.S.C. 553(a)(2) (emphasis added).
---------------------------------------------------------------------------

    Regulation A establishes the interest rates that the twelve Reserve 
Banks charge for extensions of primary credit and secondary credit. The 
Board has determined that the notice, public comment, and delayed 
effective date requirements of the APA do not apply to these final 
amendments to Regulation A for several reasons. The amendments involve 
a matter relating to loans, and are therefore exempt under the terms of 
the APA. In addition, the Board has determined that notice, public 
comment, and delayed effective date would be unnecessary and contrary 
to the public interest because delay in implementation of changes to 
the rates charged on primary credit and secondary credit would permit 
insured depository institutions to profit improperly from the 
difference in the current rate and the announced increased rate. 
Finally, because delay would undermine the Board's action in responding 
to economic data and conditions, the Board has determined that ``good 
cause'' exists within the meaning of the APA to dispense with the 
notice, public comment, and delayed effective date procedures of the 
APA with respect to the final amendments to Regulation A.

Regulatory Flexibility Analysis

    The Regulatory Flexibility Act (``RFA'') does not apply to a 
rulemaking where a general notice of proposed rulemaking is not 
required.\5\ As noted previously, a general notice of proposed 
rulemaking is not required if the final rule involves a matter relating 
to loans. Furthermore, the Board has determined that it is unnecessary 
and contrary to the public interest to publish a general notice of 
proposed rulemaking for this final rule. Accordingly, the RFA's

[[Page 13104]]

requirements relating to an initial and final regulatory flexibility 
analysis do not apply.
---------------------------------------------------------------------------

    \5\ 5 U.S.C. 603 and 604.
---------------------------------------------------------------------------

Paperwork Reduction Act

    In accordance with the Paperwork Reduction Act (``PRA'') of 
1995,\6\ the Board reviewed the final rule under the authority 
delegated to the Board by the Office of Management and Budget. The 
final rule contains no requirements subject to the PRA.
---------------------------------------------------------------------------

    \6\ 44 U.S.C. 3506; see 5 CFR part 1320, appendix A.1.
---------------------------------------------------------------------------

12 CFR Chapter II

List of Subjects in 12 CFR Part 201

    Banks, Banking, Federal Reserve System, Reporting and 
recordkeeping.

Authority and Issuance

    For the reasons set forth in the preamble, the Board is amending 12 
CFR chapter II to read as follows:

PART 201--EXTENSIONS OF CREDIT BY FEDERAL RESERVE BANKS (REGULATION 
A)

0
1. The authority citation for part 201 continues to read as follows:

    Authority:  12 U.S.C. 248(i)-(j) and (s), 343 et seq., 347a, 
347b, 347c, 348 et seq., 357, 374, 374a, and 461.

0
2. In Sec.  201.51, paragraphs (a) and (b) are revised to read as 
follows:


Sec.  201.51  Interest rates applicable to credit extended by a Federal 
Reserve Bank.3
---------------------------------------------------------------------------

    \3\ The primary, secondary, and seasonal credit rates described 
in this section apply to both advances and discounts made under the 
primary, secondary, and seasonal credit programs, respectively.
---------------------------------------------------------------------------

    (a) Primary credit. The interest rate at each Federal Reserve Bank 
for primary credit provided to depository institutions under Sec.  
201.4(a) is 2.25 percent.
    (b) Secondary credit. The interest rate at each Federal Reserve 
Bank for secondary credit provided to depository institutions under 
Sec.  201.4(b) is 2.75 percent.
* * * * *

    By order of the Board of Governors of the Federal Reserve 
System, March 22, 2018.
Ann E. Misback,
Secretary of the Board.
[FR Doc. 2018-06123 Filed 3-26-18; 8:45 am]
 BILLING CODE 6210-01-P



                                                                                                                                                                                                     13103

                                           Rules and Regulations                                                                                          Federal Register
                                                                                                                                                          Vol. 83, No. 59

                                                                                                                                                          Tuesday, March 27, 2018



                                           This section of the FEDERAL REGISTER                    the Federal Reserve Banks, subject to                  restriction; (2) interpretive rules and
                                           contains regulatory documents having general            the review and determination of the                    statements of policy; or (3) a rule for
                                           applicability and legal effect, most of which           Board.                                                 which the agency finds of good cause
                                           are keyed to and codified in the Code of                   On March 21, 2018, the Board voted                  for shortened notice and publishes its
                                           Federal Regulations, which is published under           to approve a 1⁄4 percentage point                      reasoning with the rule.3 The APA
                                           50 titles pursuant to 44 U.S.C. 1510.                   increase in the primary credit rate in                 further provides that the notice, public
                                           The Code of Federal Regulations is sold by              effect at each of the twelve Federal                   comment, and delayed effective date
                                           the Superintendent of Documents.                        Reserve Banks, thereby increasing from                 requirements of 5 U.S.C. 553 do not
                                                                                                   2.00 percent to 2.25 percent the rate that             apply ‘‘to the extent that there is
                                                                                                   each Reserve Bank charges for                          involved . . . a matter relating to agency
                                           FEDERAL RESERVE SYSTEM                                  extensions of primary credit. In                       management or personnel or to public
                                                                                                   addition, the Board had previously                     property, loans, grants, benefits, or
                                           12 CFR Part 201                                         approved the renewal of the secondary                  contracts.’’ 4
                                           [Docket No. R–1601]                                     credit rate formula, the primary credit                  Regulation A establishes the interest
                                                                                                   rate plus 50 basis points. Under the                   rates that the twelve Reserve Banks
                                           RIN 7100 AF–00                                          formula, the secondary credit rate in                  charge for extensions of primary credit
                                                                                                   effect at each of the twelve Federal                   and secondary credit. The Board has
                                           Regulation A: Extensions of Credit by
                                                                                                   Reserve Banks increased by 1⁄4                         determined that the notice, public
                                           Federal Reserve Banks
                                                                                                   percentage point as a result of the                    comment, and delayed effective date
                                           AGENCY:  Board of Governors of the                      Board’s primary credit rate action,                    requirements of the APA do not apply
                                           Federal Reserve System.                                 thereby increasing from 2.50 percent to                to these final amendments to Regulation
                                           ACTION: Final rule.                                     2.75 percent the rate that each Reserve                A for several reasons. The amendments
                                                                                                   Bank charges for extensions of                         involve a matter relating to loans, and
                                           SUMMARY:    The Board of Governors of the               secondary credit. The amendments to                    are therefore exempt under the terms of
                                           Federal Reserve System (‘‘Board’’) has                  Regulation A reflect these rate changes.               the APA. In addition, the Board has
                                           adopted final amendments to its                           The 1⁄4 percentage point increase in                 determined that notice, public
                                           Regulation A to reflect the Board’s                     the primary credit rate was associated                 comment, and delayed effective date
                                           approval of an increase in the rate for                 with an increase in the target range for               would be unnecessary and contrary to
                                           primary credit at each Federal Reserve                  the federal funds rate (from a target                  the public interest because delay in
                                           Bank. The secondary credit rate at each                 range of 11⁄4 to 11⁄2 percent to a target              implementation of changes to the rates
                                           Reserve Bank automatically increased                    range of 11⁄2 to 13⁄4 percent) announced               charged on primary credit and
                                           by formula as a result of the Board’s                   by the Federal Open Market Committee                   secondary credit would permit insured
                                           primary credit rate action.                             on March 21, 2018, as described in the                 depository institutions to profit
                                           DATES: The amendments to part 201                       Board’s amendment of its Regulation D                  improperly from the difference in the
                                           (Regulation A) are effective March 27,                  published elsewhere in this issue of the               current rate and the announced
                                           2018. The rate changes for primary and                  Federal Register.                                      increased rate. Finally, because delay
                                           secondary credit are applicable on                      Administrative Procedure Act                           would undermine the Board’s action in
                                           March 22, 2018.                                                                                                responding to economic data and
                                                                                                      In general, the Administrative                      conditions, the Board has determined
                                           FOR FURTHER INFORMATION CONTACT:
                                                                                                   Procedure Act (‘‘APA’’) 1 imposes three                that ‘‘good cause’’ exists within the
                                           Sophia Allison, Special Counsel (202–                   principal requirements when an agency
                                           452–3565), or Clinton Chen, Senior                                                                             meaning of the APA to dispense with
                                                                                                   promulgates legislative rules (rules                   the notice, public comment, and
                                           Attorney (202–452–3952), Legal                          made pursuant to congressionally
                                           Division, or Lyle Kumasaka, Senior                                                                             delayed effective date procedures of the
                                                                                                   delegated authority): (1) Publication                  APA with respect to the final
                                           Financial Analyst (202–452–2382); for                   with adequate notice of a proposed rule;
                                           users of Telecommunications Device for                                                                         amendments to Regulation A.
                                                                                                   (2) followed by a meaningful
                                           the Deaf (TDD) only, contact 202–263–                   opportunity for the public to comment                  Regulatory Flexibility Analysis
                                           4869; Board of Governors of the Federal                 on the rule’s content; and (3)                            The Regulatory Flexibility Act
                                           Reserve System, 20th and C Streets NW,                  publication of the final rule not less                 (‘‘RFA’’) does not apply to a rulemaking
                                           Washington, DC 20551.                                   than 30 days before its effective date.                where a general notice of proposed
                                           SUPPLEMENTARY INFORMATION: The                          The APA provides that notice and                       rulemaking is not required.5 As noted
                                           Federal Reserve Banks make primary                      comment procedures do not apply if the                 previously, a general notice of proposed
                                           and secondary credit available to                       agency for good cause finds them to be                 rulemaking is not required if the final
                                           depository institutions as a backup                     ‘‘unnecessary, impracticable, or contrary              rule involves a matter relating to loans.
                                           source of funding on a short-term basis,                to the public interest.’’ 2 Section 553(d)             Furthermore, the Board has determined
                                           usually overnight. The primary and                      of the APA also provides that                          that it is unnecessary and contrary to
                                           secondary credit rates are the interest                 publication at least 30 days prior to a                the public interest to publish a general
amozie on DSK30RV082PROD with RULES




                                           rates that the twelve Federal Reserve                   rule’s effective date is not required for              notice of proposed rulemaking for this
                                           Banks charge for extensions of credit                   (1) a substantive rule which grants or                 final rule. Accordingly, the RFA’s
                                           under these programs. In accordance                     recognizes an exemption or relieves a
                                           with the Federal Reserve Act, the                                                                                35  U.S.C. 553(d).
                                           primary and secondary credit rates are                    15  U.S.C. 551 et seq.                                 45  U.S.C. 553(a)(2) (emphasis added).
                                           established by the boards of directors of                 2 5 U.S.C. 553(b)(3)(A).                               5 5 U.S.C. 603 and 604.




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                                           13104              Federal Register / Vol. 83, No. 59 / Tuesday, March 27, 2018 / Rules and Regulations

                                           requirements relating to an initial and                 FEDERAL RESERVE SYSTEM                                 provides that balances maintained by or
                                           final regulatory flexibility analysis do                                                                       on behalf of certain institutions in an
                                           not apply.                                              12 CFR Part 204                                        account at a Reserve Bank may receive
                                                                                                   [Docket No. R–1602]                                    earnings to be paid by the Reserve Bank
                                           Paperwork Reduction Act                                                                                        at least once each quarter, at a rate or
                                                                                                   RIN 7100 AF 01                                         rates not to exceed the general level of
                                              In accordance with the Paperwork
                                           Reduction Act (‘‘PRA’’) of 1995,6 the                                                                          short-term interest rates.3 Institutions
                                                                                                   Regulation D: Reserve Requirements                     that are eligible to receive earnings on
                                           Board reviewed the final rule under the                 of Depository Institutions                             their balances held at Reserve Banks
                                           authority delegated to the Board by the
                                                                                                   AGENCY:  Board of Governors of the                     (‘‘eligible institutions’’) include
                                           Office of Management and Budget. The
                                                                                                   Federal Reserve System.                                depository institutions and certain other
                                           final rule contains no requirements                                                                            institutions.4 Section 19 also provides
                                           subject to the PRA.                                     ACTION: Final rule.
                                                                                                                                                          that the Board may prescribe regulations
                                           12 CFR Chapter II                                       SUMMARY:    The Board of Governors of the              concerning the payment of earnings on
                                                                                                   Federal Reserve System (‘‘Board’’) is                  balances at a Reserve Bank.5 Prior to
                                           List of Subjects in 12 CFR Part 201                     amending Regulation D (Reserve                         these amendments, Regulation D
                                                                                                   Requirements of Depository Institutions)               specified a rate of 1.50 percent for both
                                             Banks, Banking, Federal Reserve
                                                                                                   to revise the rate of interest paid on                 IORR and IOER.6
                                           System, Reporting and recordkeeping.                    balances maintained to satisfy reserve
                                                                                                                                                          II. Amendments to IORR and IOER
                                           Authority and Issuance                                  balance requirements (‘‘IORR’’) and the
                                                                                                   rate of interest paid on excess balances                  The Board is amending § 204.10(b)(5)
                                             For the reasons set forth in the                      (‘‘IOER’’) maintained at Federal Reserve               of Regulation D to specify that IORR is
                                           preamble, the Board is amending 12                      Banks by or on behalf of eligible                      1.75 percent and IOER is 1.75 percent.
                                           CFR chapter II to read as follows:                      institutions. The final amendments                     This 0.25 percentage point increase in
                                                                                                   specify that IORR is 1.75 percent and                  the IORR and IOER was associated with
                                           PART 201—EXTENSIONS OF CREDIT                           IOER is 1.75 percent, a 0.25 percentage                an increase in the target range for the
                                           BY FEDERAL RESERVE BANKS                                point increase from their prior levels.                federal funds rate, from a target range of
                                           (REGULATION A)                                          The amendments are intended to                         11⁄4 to 11⁄2 percent to a target range of
                                                                                                   enhance the role of such rates of interest             11⁄2 to 13⁄4 percent, announced by the
                                           ■ 1. The authority citation for part 201                in moving the Federal funds rate into                  FOMC on March 21, 2018, with an
                                           continues to read as follows:                           the target range established by the                    effective date of March 22, 2018. The
                                                                                                   Federal Open Market Committee                          FOMC’s press release on the same day
                                              Authority: 12 U.S.C. 248(i)–(j) and (s), 343
                                                                                                   (‘‘FOMC’’ or ‘‘Committee’’).                           as the announcement noted that:
                                           et seq., 347a, 347b, 347c, 348 et seq., 357,
                                                                                                   DATES: The amendments to part 204                         Information received since the
                                           374, 374a, and 461.
                                                                                                   (Regulation D) are effective March 27,                 Federal Open Market Committee met in
                                           ■ 2. In § 201.51, paragraphs (a) and (b)                2018. The IORR and IOER rate changes                   January indicates that the labor market
                                           are revised to read as follows:                         are applicable on March 22, 2018.                      has continued to strengthen and that
                                                                                                                                                          economic activity has been rising at a
                                           § 201.51 Interest rates applicable to credit            FOR FURTHER INFORMATION CONTACT:
                                                                                                                                                          moderate rate. Job gains have been
                                           extended by a Federal Reserve Bank.3                    Sophia Allison, Special Counsel (202–
                                                                                                                                                          strong in recent months, and the
                                                                                                   452–3565), or Clinton Chen, Senior
                                              (a) Primary credit. The interest rate at                                                                    unemployment rate has stayed low.
                                                                                                   Attorney (202–452–3952), Legal
                                           each Federal Reserve Bank for primary                                                                          Recent data suggest that growth rates of
                                                                                                   Division, or Kristen Payne, Financial
                                           credit provided to depository                                                                                  household spending and business fixed
                                                                                                   Analyst (202–452–2872), or Heather
                                           institutions under § 201.4(a) is 2.25                                                                          investment have moderated from their
                                                                                                   Wiggins, Section Chief (202–452–3674),
                                           percent.                                                                                                       strong fourth-quarter readings. On a 12-
                                                                                                   Division of Monetary Affairs; for users
                                                                                                                                                          month basis, both overall inflation and
                                              (b) Secondary credit. The interest rate              of Telecommunications Device for the
                                                                                                                                                          inflation for items other than food and
                                           at each Federal Reserve Bank for                        Deaf (TDD) only, contact 202–263–4869;
                                                                                                                                                          energy have continued to run below 2
                                           secondary credit provided to depository                 Board of Governors of the Federal
                                                                                                                                                          percent. Market-based measures of
                                           institutions under § 201.4(b) is 2.75                   Reserve System, 20th and C Streets NW,
                                                                                                                                                          inflation compensation have increased
                                           percent.                                                Washington, DC 20551.
                                                                                                                                                          in recent months but remain low;
                                                                                                   SUPPLEMENTARY INFORMATION:                             survey-based measures of longer-term
                                           *      *    *     *     *
                                                                                                   I. Statutory and Regulatory Background                 inflation expectations are little changed,
                                             By order of the Board of Governors of the
                                                                                                                                                          on balance.
                                           Federal Reserve System, March 22, 2018.                    For monetary policy purposes, section                  Consistent with its statutory mandate,
                                           Ann E. Misback,                                         19 of the Federal Reserve Act (‘‘the                   the Committee seeks to foster maximum
                                           Secretary of the Board.                                 Act’’) imposes reserve requirements on                 employment and price stability. The
                                                                                                   certain types of deposits and other                    economic outlook has strengthened in
                                           [FR Doc. 2018–06123 Filed 3–26–18; 8:45 am]
                                                                                                   liabilities of depository institutions.1               recent months. The Committee expects
                                           BILLING CODE 6210–01–P
                                                                                                   Regulation D, which implements section                 that, with further gradual adjustments in
                                                                                                   19 of the Act, requires that a depository              the stance of monetary policy, economic
                                                                                                   institution meet reserve requirements by               activity will expand at a moderate pace
                                                                                                   holding cash in its vault, or if vault cash
amozie on DSK30RV082PROD with RULES




                                             6 44 U.S.C. 3506; see 5 CFR part 1320, appendix                                                              in the medium term and labor market
                                           A.1.                                                    is insufficient, by maintaining a balance
                                             3 The primary, secondary, and seasonal credit         in an account at a Federal Reserve Bank                  3 12 U.S.C. 461(b)(1)(A) and (b)(12)(A).
                                           rates described in this section apply to both           (‘‘Reserve Bank’’).2 Section 19 also                     4 See 12 U.S.C. 461(b)(1)(A) and (b)(12)(C); see
                                           advances and discounts made under the primary,                                                                 also 12 CFR 204.2(y).
                                           secondary, and seasonal credit programs,                  1 12   U.S.C. 461(b).                                  5 See 12 U.S.C. 461(b)(12)(B).

                                           respectively.                                             2 12   CFR 204.5(a)(1).                                6 See 12 CFR 204.10(b)(5).




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Document Created: 2018-03-27 01:26:45
Document Modified: 2018-03-27 01:26:45
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionRules and Regulations
ActionFinal rule.
DatesThe amendments to part 201 (Regulation A) are effective March 27, 2018. The rate changes for primary and secondary credit are applicable on March 22, 2018.
ContactSophia Allison, Special Counsel (202- 452-3565), or Clinton Chen, Senior Attorney (202-452-3952), Legal Division, or Lyle Kumasaka, Senior Financial Analyst (202-452-2382); 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 Citation83 FR 13103 
RIN Number7100 AF00
CFR AssociatedBanks; Banking; Federal Reserve System and Reporting and Recordkeeping

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