Exemption and
Low Reserve Tranche for 2007
The Board of Governors announced
the 2007 annual indexing of the reserve requirement
exemption amount (the amount reservable at zero
percent) and the low reserve tranche (the amount
reservable at three percent). The new amounts
will be:
- Reserve requirement exemption amount: $ 8.5
mil
- Low reserve tranche: $45.8 mil
The 2007 amounts will go
into effect with the maintenance period beginning
Thursday, December 21 for weekly reporters and
the maintenance period beginning Thursday, January
18 for quarterly reporters. For information regarding
reserve requirements, please contact the Reserve
and Risk Management Division that is responsible
for your institution. |
