Regulation D: Reserve Requirements of Depository Institutions — 2026-05-26 [2026-10377]

Board of Governors of the Federal Reserve System. 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. Comments must be received on or before July 27, 2026. You may submit comments, identified by Docket No. R-1893 and RIN 7100-AH25, by any of the following methods: Comments received are subject to public disclosure.