For immediate release

The Federal Reserve Board today requested comment on a proposal to amend its Regulation D (Reserve Requirements of Depository Institutions) to allow U.S. branches and agencies of foreign banks and Edge and Agreement corporations to choose whether to aggregate reserves on a nationwide basis in a single account at one Reserve Bank or to continue to have separate accounts on same-state/same-District basis as they do today. Comment is requested by September 12, 1997. The amendments would also update and clarify the pass-through account rules in Regulation D for all institutions. These amendments would facilitate interstate banking and eliminate certain restrictions applicable to pass-through accounts. The Board's notice is attached.

Summary only | Summary and proposed rule (28 KB PDF)

1997 Banking and consumer regulatory policy