Regulation J

Fed Proposed Rules for Reserve Banks and Depository Institutions

On October 11, the Fed proposed rules to amend Regulation D (Reserve Requirements of Depository Institutions) and Regulation J (Collection of Checks and Other Items by Federal Reserve Banks and Funds Transfers through Fedwire). The proposed rules are intended to simplify the administration of reserve requirements and reduce administrative and operational costs for depository institutions and Reserve Banks. Comments must be submitted within 60 days after publication in the Federal Register. Fed Release. Proposed Amendment to Reg D. Proposed Amendment to Reg J.