The Federal Reserve Board has announced final revisions to its 1980 interpretation of Regulation D (Reserve Requirements of Depository Institutions), which sets forth criteria for the "bankers' bank" exemption from reserve requirements.
The revisions authorized 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.
The final rule will become effective 30 days after the Board publishes the notice in the Federal Register.
