The director of the Division of
Monetary Affairs (or the director’s delegatee) is authorized:
(a) Term Deposit Facility
(TDF) test operations. With the concurrence of the general counsel,
and in consultation with the Chair if feasible, to adjust the terms
and conditions of individual TDF test operations that raise significant
technical or operational issues, including but not limited to the
authority to:
(1) Delay the open of a TDF operation;
(2) Extend the close of
a TDF operation;
(3)
Reschedule a TDF operation; and
(4) Delay the announcement of TDF operation
results.
(b) Regulation D. With the concurrence of the general counsel, to
approve the annual indexation of the reserve requirement exemption
amount and low reserve tranche amount under Regulation D (12 CFR part
204), so long as no change is proposed to any of the formulas by which
these amounts are calculated.
(c) Form FR 2900. With the concurrence of the
general counsel—
(1) To reassess the deposit reporting threshold
each year, starting in February 2022, as is necessary to maintain
a weekly reporting panel of 1,000 institutions comprised of foreign-related
reporters and the largest M2 deposit holders for the weekly Report
of Deposits and Vault Cash (Form FR 2900); and
(2) To determine the frequency with which
the deposit reporting threshold is reassessed (e.g., annually or less
frequently than annually) consistent with maintaining a stable panel
of weekly reporters for the Form FR 2900 and enabling accurate construction
of the monetary aggregates.
