Regulation D: Reserve Requirements of Depository Institutions
By Federal Reserve System · Sep 29, 2026, 11:00 PM CDT
The Board of Governors of the Federal Reserve System ("Board") has adopted final amendments to its Regulation D to revise the rate of interest paid on balances ("IORB") maintained at Federal Reserve Banks by or on behalf of eligible institutions. The final amendments specify that IORB is 3.90 percent, a 0.25 percentage point increase from its prior level. The amendment is intended to enhance the r
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Layer 1 · Claims & fact checks
AI analysisLayer 3 · Reporting analysis
AI analysisNeutral factual reportingThe language is straightforward and descriptive, providing the core facts of the policy change.
Purpose statementThe article includes the stated purpose of the amendment, reflecting the Board’s rationale.
Context
AI analysisMissing context
The article does not provide context about the previous IORB rate, the expected impact on banks’ reserve‑holding behavior, market reactions, or how the change fits into broader monetary‑policy strategy.
Important context
Regulation D governs reserve requirements for depository institutions, and the interest on reserve balances (IORB) is a tool the Federal Reserve uses to influence the federal funds rate and overall monetary policy.
Opinion vs. reporting
AI analysisThe piece presents factual information without editorial commentary; it is reporting rather than opinion.