Regulation D IORB Amendments Notice of Proposed Rulemaking and Reserve Requirements for Transaction Accounts Final Rule

Updated 01/14/2021

This tool summarizes the Board’s amendments to Regulation D. The key changes are as follows:

  1. The interest on required reserves (IORR) and interest on excess reserves (IOER) rates will be replaced by the interest on reserved balances (IORB) rate.
  2. The word “excess” will be deleted from the definition of excess balance account.
  3. The reserve requirement ratio on transaction accounts remain at 0 percent.

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