Data Dictionary
Item Number 0145
MAXIMUM ALLOWABLE WAIVER (REG. D AMENDMENT)Call confidentiality applies to FFIEC 031/041.
| Series | Start Date | End Date | Confidential? | Reporting Forms |
|---|---|---|---|---|
| TEDS0145 | 1972-11-09 | 1974-06-26 | Yes | FR 414a |
Data Description:
In connection with the November 9, 1972 amendments to Regulations D and J, the Board has determined that member banks that will be adversely affected to a substantial degree by adoption of these proposals should be permitted a reasonable time to adjust to the effects of the new regulations. In those cases where the implementation of these changes would result in a net loss of funds (as computed by the Reserve Bank) in an amount more than 2% of the member bank's net demand deposits (2345), it seemed appropriate to waive certain of the penalties for reserve deficiencies. For the reserve periods ending on or before January 1, 1973, penalties on deficiencies in amounts of the full loss, less the 2% of the demand deposits will be waived. For each subsequent quarter, an additional 1% of net demand deposits (2345) would be subtracted from the amount of deficiencies eligible for waiver, until the amount of the waiver is eventually zero. This authorization for waivers terminated on June 30, 1974. For additional information, see July 1972 "Bulletin", page 652.