The Board is amending 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. More... The final amendments specify that IORR is 1.60 percent and IOER is 1.60 percent, a 0.05 percentage point increase from their prior levels. The amendments are intended to enhance the role of such rates of interest in maintaining the federal funds rate into the target range established by the Federal Open Market Committee. The final rule is effective February 12, 2020 (Regulation D, Docket R-1695), the same day it was published in the Federal Register. The IORR and IOER rate changes were applicable on January 30, 2020.

The Board issued on January 13, 2020, Frequently Asked Questions on the Tailoring Rules to respond to questions from institutions regarding the Board’s final rule to tailor certain prudential standards for large domestic and foreign banking organizations to more closely match their risk profiles. More... The Board may publish additional frequently asked questions (FAQs) and/or update existing FAQs periodically (Guidance, Capital at 3-1506.34).

The Board issued a final rule amending its rules of practice and procedure to adjust the amount of each civil money penalty provided by law within its jurisdiction to account for inflation as required by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. More... The final rule is effective January 14, 2020 (Procedural and Organizational Rules, Rules of Practice for Hearings, Docket R-1693), the same day it was published in the Federal Register.