May 13

TNB’s Response to the Federal Reserve’s ANPR Regarding Reg D

Category : Documents

TNB USA Inc. (“TNB”) is pleased to comment on the advance notice of proposed rulemaking (the “ANPR”) issued by the Board of Governors of the Federal Reserve System (the “Board”) on whether it should propose amendments to its Regulation D (Reserve Requirements of Depository Institutions) to lower the rate of interest paid on excess balances (the “IOER”) maintained at Federal Reserve Banks (“Reserve Banks”) by certain eligible institutions operating under validly granted state charters.