Regulation D: Reserve Requirements of Depository Institutions

Document 2026-10377 is a Proposed Rule published by the Federal Reserve System in the Federal Register on May 26, 2026. The Board of Governors of the Federal Reserve System (Board) proposes to amend its Regulation D (Reserve Requirements of Depository Institutions) to differentiate between master accounts and a proposed new category of special-purpose payment accounts (Payment Accounts). The proposed amendments would exclude Payment Accounts from Regulation D's provisions directing Federal Reserve Banks (Reserve Banks) to pay interest on balances maintained at a Reserve Bank. As a result, the Reserve Banks would not pay interest on balances maintained in Payment Accounts. The proposal would not affect reserve requirement ratios, which would remain zero. View the original at https://www.federalregister.gov/documents/2026/05/26/2026-10377/regulation-d-reserve-requirements-of-depository-institutions.

No. Document 2026-10377 is not classified as economically significant under Executive Order 12866. Economically significant rules require OIRA review and are estimated to have impacts of $100 million or more per year.