{"id":"SEC-13-007","kind":"order","level":"federal","jurisdiction":"United States","state":"","metro":"","industry":"13","agency":"","eco":"","issuer":"Board of Governors of the Federal Reserve System","authority":"Federal Reserve Act sec. 19, 12 U.S.C. 461; 12 C.F.R. part 204","instrument":"Regulation D: Reserve Requirements of Depository Institutions (interim final rule), 85 Fed. Reg. 23445 (Apr. 28, 2020), Docket No. R-1715","title":"Regulation D: Reserve Requirements of Depository Institutions","dateIssued":"2020-04-24","effective":"2020-04-24 (applicability Apr. 23, 2020)","end":"n/a (permanent)","startDate":"2020-04-24","endDate":"2021-09-30","quarters":["2020Q2","2020Q3","2020Q4","2021Q1","2021Q2","2021Q3"],"types":["OTHER"],"addressees":["depository institutions"],"clause":"The Board of Governors of the Federal Reserve System is amending its Regulation D (Reserve Requirements of Depository Institutions) to delete the numeric limits on certain kinds of transfers and withdrawals that may be made each month from \u0027savings deposits.\u0027 The amendments are intended to allow depository institution customers more convenient access to their funds and to simplify account administration for depository institutions.","enforcement":"Rule with force of law","functions":["BR (customers unable to reach branches)","OP (account administration systems)","CC"],"notes":"The preamble ties the change to customers\u0027 inability to reach branches under the stay-home orders.","sourceUrl":"https://www.govinfo.gov/content/pkg/FR-2020-04-28/pdf/2020-09044.pdf","snapshot":"","fileExists":true,"fileBytes":238255,"grade":"primary","character":"","description":"","collection":"SEC-13","url":"/library/SEC-13-007","exhibitUrl":"/exhibit/SEC-13-007","citation":"Board of Governors of the Federal Reserve System, Regulation D: Reserve Requirements of Depository Institutions (interim final rule), 85 Fed. Reg. 23445 (Apr. 28, 2020), Docket No. R-1715 (Apr. 24, 2020) (Ex. SEC-13-007)","stateName":"","related":[]}