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Effective Date: Regulation A increase in the rate for primary credit at each Federal Reserve Bank

AGENCY:

Board of Governors of the Federal Reserve System.

ACTION:

Final rule.

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:

Effective date: The amendments to part 201 (Regulation A) are effective February 8, 2023.

Applicability date: The rate changes for primary and secondary credit were applicable on February 2, 2023.

https://www.federalregister.gov/documents/2023/02/08/2023-02650/regulation-a-extensions-of-credit-by-federal-reserve-banks

  • February 8, 2023
  • Time: All Day