Transmittal Archive

The Board has adopted final amendments to its Regulation A to reflect the Board’s approval of an increase in the rate for primary credit at each Federal Reserve Bank. More... The secondary credit rate at each Reserve Bank automatically increased by formula as a result of the Board’s primary credit rate action. The final rule is effective March 29, 2023 (Regulation A, Docket R-1803), the same day it was published in the Federal Register. The rate changes for primary and secondary credit were applicable on March 23, 2023.

The Board is amending Regulation D (Reserve Requirements of Depository Institutions) to revise the rate of interest paid on balances (IORB) maintained at Federal Reserve Banks by or on behalf of eligible institutions. More... The final amendments specify that IORB is 4.9 percent, a 0.25 percentage point increase from its prior level. The amendment is intended to enhance the role of IORB in maintaining the federal funds rate in the target range established by the Federal Open Market Committee. The final rule is effective March 29, 2023 (Regulation D, Docket R-1804), the same day it was published in the Federal Register. The IORB rate change was applicable on March 23, 2023.

The Consumer Financial Protection Bureau (CFPB) issued a final rule to make non-substantive corrections and updates to CFPB and other federal agency contact information found at certain locations in Regulations B, E, V, X, Z, and DD, including federal agency contact information that must be provided with Equal Credit Opportunity Act adverse action notices and the Fair Credit Reporting Act Summary of Consumer Rights. More... This final rule also revises the chapter heading, makes various non-substantive changes to Regulations B and V, and provides a CFPB website address where the public may access certain annual percentage rate tables referenced in Regulation Z. The final rule is effective April 19, 2023 (Consumer Financial Protection Bureau, Regulation B, Regulation E, Regulation V, Regulation X, Regulation Z, and Regulation DD) and was published in the Federal Register on March 20, 2023. The mandatory compliance date for the amendments to appendix A in Regulation B and appendix K in Regulation V is March 20, 2024.