12 CFR 204.9 - Emergency reserve requirement.

§ 204.9 Emergency reserve requirement.

(a)Finding by Board. The Board may impose, after consulting with the appropriate committees of Congress, additional reserve requirements on depository institutions at any ratio on any liability upon a finding by at least five members of the Board that extraordinary circumstances require such action.

(b)Term. Any action taken under this section shall be valid for a period not exceeding 180 days, and may be extended for further periods of up to 180 days each by affirmative action of at least five members of the Board for each extension.

(c)Reports to Congress. The Board shall transmit promptly to Congress a report of any exercise of its authority under this paragraph and the reasons for the exercise of authority.

(d)Reserve requirements. At present, there are no emergency reserve requirements imposed under this section.

[ 45 FR 56018, Aug. 22, 1980. Redesignated at 74 FR 25638, May 29, 2009]

This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.

This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].

It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.

United States Code

Title 12 published on 11-May-2018 11:44

The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 12 CFR Part 204 after this date.

  • 2018-03-27; vol. 83 # 59 - Tuesday, March 27, 2018
    1. 83 FR 13104 - Regulation D: Reserve Requirements of Depository Institutions
      GPO FDSys XML | Text
      Final rule.
      The amendments to part 204 (Regulation D) are effective March 27, 2018. The IORR and IOER rate changes are applicable on March 22, 2018.
      12 CFR Part 204