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Exemption and Low Reserve Tranche for 2008
The Board of Governors announced the 2008 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: $ 9.3 mil
- Low reserve tranche: $43.9 mil
The 2008 amounts will go into effect with the maintenance period beginning Thursday, December 20 for weekly reporters and the maintenance period beginning Thursday, January 17 for quarterly reporters. For information regarding reserve requirements, please contact the Reserve and Risk Management Division that is responsible for your institution. |