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Advanced Search About the Fed News & Events Monetary Policy Supervision & Regulation Payment Systems Economic Research Data Consumers & Communities Board of Governors of the Federal Reserve System The Federal Reserve, the central bank of the United States, provides the nation with a safe, flexible, and stable monetary and financial system. Home > News & Events > Press Releases Press Release February 26, 2013 Federal Reserve Board announces proposed rule regarding Federal Reserve Bank accounts and services for financial market utilities designated as systemically important For immediate release Share The Federal Reserve Board on Tuesday requested comment on a proposed rule to amend Regulation HH to set out the conditions and requirements for a Federal Reserve Bank to open and maintain accounts for and provide financial services to financial market utilities designated as systemically important by the Financial Stability Oversight Council. In addition, the proposed rule, which implements provisions of Title VIII of the Dodd-Frank Wall Street Reform and Consumer Protection Act, would authorize a Reserve Bank to pay interest on the balances maintained by a designated financial market utility in accordance with the title and other terms and conditions as the Board may prescribe. The Board is requesting public comment on all aspects of the proposed amendments to Regulation HH contained in the attached Federal Register notice. Comments on the proposal will be due 60 days after the rule is published in the Federal Register, which is expected shortly. For media inquiries, call 202-452-2955. Federal Register notice: HTML | PDF Comments: View Comments: Submit | View Last Update: February 26, 2013 BOARD OF GOVERNORS of the FEDERAL RESERVE SYSTEM About the Fed News & Events Monetary Policy Supervision & Regulation Payment Systems Economic Research Data Consumers & Communities Financial Stability TOOLS AND INFORMATION STAY CONNECTED Contact Publications Freedom of Information (FOIA) Office of Inspector General Budget & Performance | Audit No FEAR Act Español Website Policies | Privacy Program Accessibility BOARD OF GOVERNORS of the FEDERAL RESERVE SYSTEM 20th Street and Constitution Avenue N.W., Washington, DC 20551
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