Fed adjusts interest rates in Regs A and D

The Federal Reserve Board is publishing amendments to Regulations A and D in today's Federal Register. The Regulation A amendment changes the interest rates in § 201.51(a) for primary credit and in § 201.51(b) for secondary credit provided to depository institutions by the Federal Reserve Banks to 2.25 percent and 2.75 percent, respectively, effective today, and applicable to credit extended beginning March 22. The Regulation D amendment increases the interest rates in § 204.10(b)(5) paid by the Federal Reserve Banks on required and excess reserves to 1.75 percent effective today and applicable to reserve balances beginning March 22. Both changes have been posted to BankersOnline's Regulations pages.