Federal Reserve Announces Reserve Requirement Thresholds for 2013

The Federal Reserve Board has issued the annual reserve requirement thresholds for depository institutions in 2013. Banks are required to set aside a specified portion of net transaction accounts—mostly checking accounts—as reserves. There are no  changes.

In 2013 the first $12.4 million in net transaction accounts will be exempt from reserve requirements. The low reserve tranche, which includes net transaction accounts over $12.4 million and up to $79.5 million, will be subject to a 3 percent reserve ratio. Amounts in excess of $79.5 million will be assessed a 10 percent reserve ratio.

The current requirements are the same;

Reserve Requirements
Liability Type	Requirement
	% of liabilities	Effective date
Net transaction accounts 1
$0 to $12.4 million2	0	12-27-12
More than $12.4 million to $79.5 million3	3	12-27-12
More than $79.5 million	10	12-27-12
Nonpersonal time deposits	0	12-27-90
Eurocurrency liabilities	0	12-27-90