Regulation D Limitations Finally Final!

On February 10, 2021, the Board of Governors of the Federal Reserve System announced the adoption of the Regulation D interim final rule without change to be effective as of March 12, 2021.

The interim rule was published in March 2020, reducing reserve requirement ratios to zero percent. As a result of the elimination of reserve requirements on all transaction accounts, the differentiation in Regulation D between reservable “transaction accounts” and non-reservable “savings deposits” is no longer necessary.