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The Electronic Code of Federal Regulations (e-CFR) is a regularly updated, unofficial editorial compilation of CFR material and Federal Register amendments produced by the National Archives and Records Administration's Office of the Federal Register (OFR) and the Government Printing Office.

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Electronic Code of Federal Regulations

e-CFR Data is current as of July 25, 2014

Amendment from June 20, 2005


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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