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Release Date: August 14, 2006

For immediate release
The Federal Reserve Board on Monday requested comment on proposed revisions to its
1980 interpretation of Regulation D (Reserve Requirements of Depository Institutions)
setting forth criteria for the "bankers' bank" exemption from reserve requirements. A
bankers' bank is an institution that is organized solely to do business with other financial
institutions, is owned primarily by the financial institutions with which it does business, and
does not do business with the general public. The proposed revisions would authorize the
Board to determine, on a case by case basis, whether certain entities not already expressly
authorized in the interpretation may become customers of bankers' banks to a limited extent.
Comments are requested no later than thirty days after publication in the Federal Register,
which is expected shortly. The Board's notice is attached.
Attachment (36 KB PDF)
2006 Banking and consumer regulatory policy
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Last update: August 14, 2006