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Electronic Code of Federal Regulations
12 CFR--PART 204
View Printed Federal Register page 77 FR 21852 in PDF format.
Amendment(s) published April 12, 2012, in 77 FR 21852
Effective Dates: July 12, 2012
5. Effective July 12, 2012, in §204.4 revise paragraphs (d) and (e), and the introductory text of paragraph (f), to read as follows:
§204.4 Computation of required reserves.
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(d) For institutions that file a report of deposits weekly, reserve requirements are computed on the basis of the institution's daily average balances of deposits and Eurocurrency liabilities during a 14-day computation period ending every second Monday.
(e) For institutions that file a report of deposits quarterly, reserve requirements are computed on the basis of the institution's daily average balances of deposits and Eurocurrency liabilities during the 7-day computation period that begins on the third Tuesday of March, June, September, and December.
(f) For all depository institutions, Edge and Agreement corporations, and United States branches and agencies of foreign banks, reserve requirements are computed by applying the reserve requirement ratios below to net transaction accounts, nonpersonal time deposits, and Eurocurrency liabilities of the institution during the computation period.
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