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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.
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Press Release
December 05, 2013

Federal Reserve Board announces final rule
regarding Federal Reserve Bank accounts and
services for financial market utilities designated
as systemically important
For immediate release
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The Federal Reserve Board on Thursday issued a final rule that amends
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 final 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 statute and
other terms and conditions as the Board may prescribe.
The final rule will become effective 60 days after it is published in the
Federal Register, which is expected shortly.
Federal Register notice: HTML | PDF
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For media inquiries, call 202-452-2955.

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Last Update: December 05, 2013

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BOARD OF GOVERNORS of the FEDERAL RESERVE SYSTEM
20th Street and Constitution Avenue N.W., Washington, DC 20551