[Code of Federal Regulations]
[Title 12, Volume 2, Parts 200 to 219]
[Revised as of January 1, 2001]
From the U.S. Government Printing Office via GPO Access
[CITE: 12CFR204.9]

[Page 111]
 
                       TITLE 12--BANKS AND BANKING
 
                   CHAPTER II--FEDERAL RESERVE SYSTEM
 
PART 204--RESERVE REQUIREMENTS OF DEPOSITORY INSTITUTIONS (REGULATION D)--Table of Contents
 
Sec. 204.9  Reserve requirement ratios.

    (a) Reserve percentages. The following reserve ratios are prescribed 
for all depository institutions, Edge and Agreement corporations, and 
United States branches and agencies of foreign banks:

------------------------------------------------------------------------
                 Category                     Reserve  requirement \1\
------------------------------------------------------------------------
Net transaction accounts:
    $0 to $42.8 million...................  3 percent of amount.
    Over $42.8 million....................  $1,284,000 plus 10 percent
                                             of amount over $42.8
                                             million.
    Nonpersonal time deposits.............  0 percent.
    Eurocurrency liabilities..............  0 percent.
------------------------------------------------------------------------
\1\ Before deducting the adjustment to be made by the paragraph (b) of
  this section.

    (b) Exemption from reserve requirements. Each depository 
institution, Edge or agreement corporation, and U.S. branch or agency of 
a foreign bank is subject to a zero percent reserve requirement on an 
amount of its transaction accounts subject to the low reserve tranche in 
paragraph (a) of this section not in excess of $5.5 million determined 
in accordance with Sec. 204.3(a)(3).

[Reg. D, 65 FR 69859, Nov. 21, 2000]

                             Interpretations