Fed Pays $107.4 Billion to Treasury in 2021
The Federal Reserve System paid $107.4 billion out of its annual net income to the U.S. Treasury in 2021, according to figures released today, an increase from 2020.
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Fed Issues Final Rule Amending Regulation D
The Federal Reserve today issued a final rule amending Regulation D, which addresses reserve requirements of depository institutions.
Fed Pays $88.5 Billion to Treasury in 2020
The Federal Reserve System paid $88.5 billion out of its annual net income to the U.S. Treasury in 2020, according to figures released today, an increase from 2019.
Fed Proposes Reg D Changes
The Federal Reserve today proposed changes to Regulation D, which addresses reserve requirements of depository institutions.
Fed Pays $54.9 Billion to Treasury
The Federal Reserve System paid $54.9 billion out of its annual net income to the U.S. Treasury in 2019, according to figures released today.
Banks Cite Intraday Payments Flows as Key Driver for Setting Reserve Floors
In a Federal Reserve survey released today, senior financial officers from 80 U.S. banks and U.S. branches of foreign banks reported that their lowest comfortable level of reserve balances was slightly over $652 billion, down slightly from a survey earlier this year.
Fed Survey: IOER Levels Not Driving Reserve Decisions
Banks do not base decisions on how much they should hold in reserve at the Federal Reserve Banks on their desire to earn the interest paid on excess reserves, according to a Fed survey of senior financial officers released today.
Golden Ticket or Bad Egg? The Case of the Narrow Bank
The benefits that TNB offers its institutional investor client base would be more than offset by the harm it does to the banking system and the Fed’s use of IOER.
ABA Supports Fed Approach on ‘Narrow Bank’ Issue
ABA today expressed its support for the Federal Reserve’s proposed approach toward so-called narrow banks.
Fed Floats Rule Change Targeting ‘Narrow Bank’ Concept
The Federal Reserve today sought public comment on whether it should reduce the rate of interest paid on excess reserves for banks with a so-called “narrow” model that involves holding a large proportion of its assets on reserve at the Fed.