FDIC Law, Regulations, Related Acts
REPORT BULLETIN NO. 2
Washington, D.C. 20429
* Reserve Requirements of Depository Institutions (Regulation D). The Board of Governors of the Federal Reserve System (``Board'') amended Regulation D (Reserve Requirements of Depository Institutions) to revise the rate of interest paid on balances maintained to satisfy reserve balance requirements (``IORR'') and the rate of interest paid on excess balances (``IOER'') maintained at Federal Reserve Banks by or on behalf of eligible institutions. The final amendments specify that IORR is 1.00 percent and IOER is 1.00 percent, a 0.25 percentage point increase from their prior levels. The amendments are intended to enhance the role of such rates of interest in moving the Federal funds rate into the target range established by the Federal Open Market Committee (``FOMC'' or ``Committee''). 82 Fed. Reg. 18217.
See pages 7586.05–7586.06
* Securities Exchange Commission Small Business Advocate Act of 2016. Section 4 of the Securities Exchange Act of 1934 was amended to add the Office of the Advocate for Small Business Capital Formation. Pub. Law. 114-284, Stat 1447.
See pages 9211–9212.02