83 FR 54517 - Reserve Requirements of Depository Institutions
FEDERAL RESERVE SYSTEM Federal Register Volume 83, Issue 210 (October 30, 2018)
Federal Register Volume 83, Issue 210 (October 30, 2018)
| Page Range | 54517-54519 | |
| FR Document | 2018-23608 |
[Federal Register Volume 83, Number 210 (Tuesday, October 30, 2018)] [Rules and Regulations] [Pages 54517-54519] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-23608] ======================================================================== 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. 210 / Tuesday, October 30, 2018 / Rules and Regulations [[Page 54517]] FEDERAL RESERVE SYSTEM 12 CFR Part 204 [Regulation D; Docket No. R-1626] RIN 7100-AF19 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 2019. 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 2019 at $16.3 million (up from 16.0 million in 2018). 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 2019 at $124.2 million (up from $122.3 million in 2018). 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: November 29, 2018. Compliance dates: The new low reserve tranche and reserve requirement exemption amount will apply to the fourteen-day reserve maintenance period that begins January 17, 2019. For depository institutions that report deposit data weekly, this maintenance period corresponds to the fourteen-day computation period that begins December 18, 2018. For depository institutions that report deposit data quarterly, this maintenance period corresponds to the seven-day computation period that begins December 18, 2018. 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 2019. FOR FURTHER INFORMATION CONTACT: Sophia H. Allison, Senior Special Counsel (202/452-3565), Legal Division, or Kristen R. Payne, Senior Financial Institution and Policy 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 2.4 percent, from $7,858 billion to $8,050 billion, between June 30, 2017, and June 30, 2018. Accordingly, the Board is amending Regulation D to set the reserve requirement exemption amount for 2019 at $16.3 million, an increase of $0.3 million from its level in 2018.\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 2.0 percent, from $2,379 billion to $2,425 billion, between June 30, 2017, and June 30, 2018. Accordingly, the Board is amending Regulation D to set the low reserve tranche for net transaction [[Page 54518]] accounts for 2019 at $124.2 million, an increase of $1.9 million from 2018. 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 17, 2019. For depository institutions that report deposit data weekly, this maintenance period corresponds to the fourteen-day computation period that begins December 18, 2018. For depository institutions that report deposit data quarterly, this maintenance period corresponds to the seven-day computation period that begins December 18, 2018. II. Deposit Reports Section 11(b)(2) of the Federal Reserve Act authorizes the Board to 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, 2017, to June 30, 2018, total transaction accounts, savings deposits, and small time deposits at all depository institutions increased 3.6 percent, from $12,157 billion to $12,599 billion. Accordingly, the Board is increasing the nonexempt deposit cutoff level by $29.1 million to $1.029 billion for 2019 (up from $1.000 billion in 2018). The Board is also increasing the reduced reporting limit by $60.7 million to $2.147 billion for 2019 (up from $2.086 billion in 2018).\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 2019, the boundaries of the four deposit reporting panels will be defined as follows. Those depository institutions with net transaction accounts over $16.3 million (the reserve requirement exemption amount) or with total transaction accounts, savings deposits, and small time deposits greater than or equal to $2.147 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 $1.029 billion (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 $1.029 billion are required to file the FR 2900 report each quarter. Those depository institutions with net transaction accounts less than or equal to $16.3 million (the reserve requirement exemption amount) and with total transaction accounts, savings deposits, and small time deposits less than $2.147 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 $16.3 million (but with total transaction accounts, savings deposits, and small time deposits less than $2.147 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 $16.3 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. III. 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 part 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: [[Page 54519]] 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. ------------------------------------------------------------------------ Reservable liability Reserve requirement ------------------------------------------------------------------------ Net Transaction Accounts: $0 to reserve requirement exemption 0 percent of amount. amount ($16.3 million). Over reserve requirement exemption 3 percent of amount. amount ($16.3 million) and up to low reserve tranche ($124.2 million). Over low reserve tranche ($124.2 $3,237,000 plus 10 percent of million). amount over $124.2 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, October 24, 2018. Ann E. Misback, Secretary of the Board. [FR Doc. 2018-23608 Filed 10-29-18; 8:45 am] BILLING CODE 6210-01-P
![54517
Rules and Regulations Federal Register
Vol. 83, No. 210
Tuesday, October 30, 2018
This section of the FEDERAL REGISTER period that begins January 17, 2019. For December 31 of each year, the Board
contains regulatory documents having general depository institutions that report shall issue a regulation adjusting the
applicability and legal effect, most of which deposit data weekly, this maintenance reserve requirement exemption amount
are keyed to and codified in the Code of period corresponds to the fourteen-day for the next calendar year if total
Federal Regulations, which is published under computation period that begins reservable liabilities held at all
50 titles pursuant to 44 U.S.C. 1510.
December 18, 2018. For depository depository institutions increase from
The Code of Federal Regulations is sold by institutions that report deposit data one year to the next. No adjustment is
the Superintendent of Documents. quarterly, this maintenance period made to the reserve requirement
corresponds to the seven-day exemption amount if total reservable
computation period that begins liabilities held at all depository
FEDERAL RESERVE SYSTEM December 18, 2018. The new values of institutions should decrease during the
the nonexempt deposit cutoff level, the applicable time period. The Act requires
12 CFR Part 204 reserve requirement exemption amount, the percentage increase in the reserve
[Regulation D; Docket No. R–1626] and the reduced reporting limit will be requirement exemption amount to be 80
used to determine the frequency at percent of the increase in total
RIN 7100–AF19
which a depository institution submits reservable liabilities of all depository
Reserve Requirements of Depository deposit reports effective in either June institutions over the one-year period
Institutions or September 2019. that ends on the June 30 prior to the
FOR FURTHER INFORMATION CONTACT: adjustment.
AGENCY: Board of Governors of the Sophia H. Allison, Senior Special Total reservable liabilities of all
Federal Reserve System. Counsel (202/452–3565), Legal Division, depository institutions increased by 2.4
ACTION: Final rule. or Kristen R. Payne, Senior Financial percent, from $7,858 billion to $8,050
Institution and Policy Analyst (202/ billion, between June 30, 2017, and June
SUMMARY: The Board is amending 452–2872), Division of Monetary 30, 2018. Accordingly, the Board is
Regulation D, Reserve Requirements of Affairs; for users of amending Regulation D to set the
Depository Institutions, to reflect the Telecommunications Device for the Deaf reserve requirement exemption amount
annual indexing of the reserve (TDD) only, contact (202/263–4869); for 2019 at $16.3 million, an increase of
requirement exemption amount and the Board of Governors of the Federal $0.3 million from its level in 2018.1
low reserve tranche for 2019. The Reserve System, 20th and C Streets NW, Pursuant to section 19(b)(2) of the Act
Regulation D amendments set the Washington, DC 20551. (12 U.S.C. 461(b)(2)), transaction
amount of total reservable liabilities of SUPPLEMENTARY INFORMATION: Section account balances maintained at each
each depository institution that is 19(b)(2) of the Federal Reserve Act (12 depository institution over the reserve
subject to a zero percent reserve U.S.C. 461(b)(2)) requires each requirement exemption amount and up
requirement in 2019 at $16.3 million depository institution to maintain to a certain amount, known as the low
(up from 16.0 million in 2018). This reserves against its transaction accounts reserve tranche, are subject to a three
amount is known as the reserve and nonpersonal time deposits, as percent reserve requirement.
requirement exemption amount. The prescribed by Board regulations, for the Transaction account balances over the
Regulation D amendments also set the purpose of implementing monetary low reserve tranche are subject to a ten
amount of net transaction accounts at policy. Section 11(a)(2) of the Federal percent reserve requirement. Section
each depository institution (over the Reserve Act (12 U.S.C. 248(a)(2)) 19(b)(2) also provides that, before
reserve requirement exemption amount) authorizes the Board to require reports December 31 of each year, the Board
that is subject to a three percent reserve of liabilities and assets from depository shall issue a regulation adjusting the
requirement in 2019 at $124.2 million institutions to enable the Board to low reserve tranche for the next
(up from $122.3 million in 2018). This conduct monetary policy. The Board’s calendar year. The Act requires the
amount is known as the low reserve actions with respect to each of these adjustment in the low reserve tranche to
tranche. The adjustments to both of provisions are discussed in turn below. be 80 percent of the percentage increase
these amounts are derived using
I. Reserve Requirements or decrease in total transaction accounts
statutory formulas specified in the
of all depository institutions over the
Federal Reserve Act. Pursuant to section 19(b) of the one-year period that ends on the June 30
The Board is also announcing changes Federal Reserve Act (Act), transaction prior to the adjustment.
in two other amounts, the nonexempt account balances maintained at each
deposit cutoff level and the reduced Net transaction accounts of all
depository institution are subject to
reporting limit, that are used to depository institutions increased 2.0
reserve requirement ratios of zero, three,
determine the frequency at which percent, from $2,379 billion to $2,425
or ten percent. Section 19(b)(11)(A) of
depository institutions must submit billion, between June 30, 2017, and June
the Act (12 U.S.C. 461(b)(11)(A))
30, 2018. Accordingly, the Board is
khammond on DSK30JT082PROD with RULES
deposit reports. provides that a zero percent reserve
amending Regulation D to set the low
DATES: requirement shall apply at each
reserve tranche for net transaction
Effective date: November 29, 2018. depository institution to total reservable
Compliance dates: The new low liabilities that do not exceed a certain 1 Consistent with Board practice, the low reserve
reserve tranche and reserve requirement amount, known as the reserve tranche and reserve requirement exemption
exemption amount will apply to the requirement exemption amount. Section amounts have been rounded to the nearest $0.1
fourteen-day reserve maintenance 19(b)(11)(B) provides that, before million.
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![Federal Register / Vol. 83, No. 210 / Tuesday, October 30, 2018 / Rules and Regulations 54519
§ 204.4 Computation of required reserves. United States branches and agencies of transaction accounts, nonpersonal time
* * * * * foreign banks, required reserves are deposits, and Eurocurrency liabilities of
(f) For all depository institutions, computed by applying the reserve the institution during the computation
Edge and Agreement corporations, and requirement ratios below to net period.
Reservable liability Reserve requirement
Net Transaction Accounts:
$0 to reserve requirement exemption amount ($16.3 million) .......... 0 percent of amount.
Over reserve requirement exemption amount ($16.3 million) and 3 percent of amount.
up to low reserve tranche ($124.2 million).
Over low reserve tranche ($124.2 million) ........................................ $3,237,000 plus 10 percent of amount over $124.2 million.
Nonpersonal time deposits ................................................................ 0 percent.
Eurocurrency liabilities ...................................................................... 0 percent.
By order of the Board of Governors of the Office of Airspace Services, Federal Delay of Effective Date
Federal Reserve System, acting through the Aviation Administration, 800
Director of the Division of Monetary Affairs ■ Accordingly, pursuant to the authority
Independence Avenue SW, Washington,
under delegated authority, October 24, 2018. delegated to me, the effective date of the
DC 20591; telephone: (202) 267–8783.
Ann E. Misback, final rule, Airspace Docket 17–AGL–23,
Secretary of the Board. SUPPLEMENTARY INFORMATION: as published in the Federal Register on
[FR Doc. 2018–23608 Filed 10–29–18; 8:45 am] September 7, 2018 (83 FR 45337), FR
Background Doc. 2018–19347, is hereby delayed
BILLING CODE 6210–01–P
The FAA published a final rule in the from November 8, 2018 to January 3,
Federal Register for Docket No. FAA– 2019.
DEPARTMENT OF TRANSPORTATION 2018–0219 (83 FR 45337, September 7, Authority: 49 U.S.C. 106(f), 106(g); 40103,
2018), amending VOR Federal airways 40113, 40120; E.O. 10854, 24 FR 9565, 3 CFR,
Federal Aviation Administration V–72 and V–429 in the vicinity of 1959–1963 Comp., P. 389.
Mattoon and Charleston, IL. The Issued in Washington, DC, on October 24,
14 CFR Part 71 2018.
effective date for that final rule is
[Docket No. FAA–2018–0219; Airspace November 8, 2018. The FAA expects to Rodger A. Dean Jr.,
Docket No. 17–AGL–23] complete and flight check the enroute Manager, Airspace Policy Group.
RIN 2120–AA66 and terminal procedures associated with [FR Doc. 2018–23563 Filed 10–29–18; 8:45 am]
the planned decommissioning of the BILLING CODE 4910–13–P
Amendment of Air Traffic Service Mattoon, IL, VOR by January 3, 2018;
(ATS) Routes in the Vicinity of Mattoon therefore the rule amending V–72 and
and Charleston, IL V–429 is delayed to coincide with that DEPARTMENT OF COMMERCE
AGENCY: Federal Aviation date.
Bureau of Industry and Security
Administration (FAA), DOT. VOR Federal airways are published in
ACTION: Final rule, delay of effective paragraph 6010(a) of FAA Order 15 CFR Part 744
date. 7400.11C dated August 13, 2018, and
effective September 15, 2018, which is [Docket No. 181010930–8930–01]
SUMMARY: This action changes the incorporated by reference in 14 CFR RIN 0694–AH67
effective date of a final rule published 71.1. The VOR Federal airways listed in
in the Federal Register on September 7, Addition of an Entity to the Entity List
this document will be subsequently
2018, amending VHF Omnidirectional
published in the Order.
Range (VOR) Federal airways V–72 and AGENCY: Bureau of Industry and
V–429 in the vicinity of Mattoon and Good Cause for No Notice and Security, Commerce.
Charleston, IL. The FAA is delaying the Comment ACTION: Final rule.
effective date to coincide with the
expected completion and flight check of Section 553(b)(3)(B) of Title 5, United SUMMARY: In this rule, the Bureau of
enroute and terminal procedures States Code, (the Administrative Industry and Security (BIS) amends the
associated with the planned Procedure Act) authorizes agencies to Export Administration Regulations
decommissioning of the Mattoon, IL, dispense with notice and comment (EAR) by adding one entity to the Entity
VOR. procedures for rules when the agency List. The entity that is added to the
DATES: The effective date of the final for ‘‘good cause’’ finds that those Entity List has been determined by the
rule published on September 7, 2018 (83 procedures are ‘‘impracticable, U.S. Government to pose a significant
FR 45337) is delayed from November 8, unnecessary, or contrary to the public risk of becoming involved in activities
2018 to January 3, 2019. The Director of interest.’’ Under this section, an agency, contrary to the national security or
the Federal Register approved this upon finding good cause, may issue a foreign policy interests of the United
States. This entity will be listed under
khammond on DSK30JT082PROD with RULES
incorporation by reference action under final rule without seeking comment
Title 1 Code of Federal Regulations part prior to the rulemaking. The FAA finds the destination of China.
51, subject to the annual revision of that prior notice and public comment to DATES: Effective Date: This rule is
FAA Order 7400.11 and publication of this final rule is unnecessary due to the effective October 30, 2018.
conforming amendments. brief length of the extension of the FOR FURTHER INFORMATION CONTACT:
FOR FURTHER INFORMATION CONTACT: effective date and the fact that there is Chair, End-User Review Committee,
Colby Abbott, Airspace Policy Group, no substantive change to the rule.’’ Office of the Assistant Secretary, Export
VerDate Sep<11>2014 16:59 Oct 29, 2018 Jkt 247001 PO 00000 Frm 00003 Fmt 4700 Sfmt 4700 E:\FR\FM\30OCR1.SGM 30OCR1](https://thefederalregister.org/doc/83_FR_54727/page/3.svg)
Document Created: 2018-10-30 00:43:45
Document Modified: 2018-10-30 00:43:45
| 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: November 29, 2018. | |
| Contact | Sophia H. Allison, Senior Special Counsel (202/452-3565), Legal Division, or Kristen R. Payne, Senior Financial Institution and Policy 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 | 83 FR 54517 | |
| RIN Number | 7100-AF19 | |
| CFR Associated | Banks; Banking and Reporting and Recordkeeping Requirements |
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