District Circular Letters
August 13, 1997
REGULATION D:
NATIONWIDE RESERVE ACCOUNTS
To Depository Institutions
in the Twelfth Federal Reserve District
Proposal to Allow Aggregation of Reserves in a Single Account (Docket
R-0980)
The Federal Reserve Board is requesting comment on a proposal to amend
its Regulation D (Reserve Requirements of Depository Institutions) to
allow U.S. branches and agencies of foreign banks, and Edge and Agreement
corporations, to choose whether to aggregate reserves on a nationwide
basis in a single account at one Reserve Bank or to continue to have separate
accounts on same-state/same-District basis as they do today.
Comment is requested by September 12, 1997.
The amendments would also update and clarify the pass-through account
rules in Regulation D for all institutions. These amendments would facilitate
interstate banking and eliminate certain restrictions applicable to pass-through
accounts.
Copies
Copies of the Board's notices (Docket R-0980)
are available from our Corporate Services Department. To request
copies to be sent via mail, please call (415) 974-2748. To request copies
to be sent via fax, please call (415) 974-3333, and specify document numbers
4167.
Additional Information
For additional information regarding Regulation D, please contact our
Statistics Department, at (415) 974- 3098.
FEDERAL RESERVE BANK OF SAN FRANCISCO
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