The Federal Reserve recently simplified reserves administration and modernized the application that supports the implementation of monetary policy, as outlined below.
Click the button below to access the Reserves Central—Reserve Account Administration application.
The simplification of reserves administration was designed to reduce burden on depository institutions and the Federal Reserve while maintaining the role of reserve requirements in the implementation of monetary policy. Four simplifications were recently implemented in a phased transition.
Concurrent with the phase 2 simplification efforts, the Federal Reserve has implemented Reserves Central—Reserve Account Administration, a new application that replaced ReserveCalc via the FedLine Web® access solution and reserve reports via FedMail®.
The ReserveCalc application will be available to view historical information until January 24, 2014. Starting on January 25, 2014, the Reserves Central—Reserve Account Administration application will contain over six months of historical data, beginning with June 27, 2013.
Changes for Organizations That Previously Received Reserve Reports via FedMail:
Effective June 27, 2013, required reserves and position reports are no longer available by email or fax via FedMail. If you would like to continue to view reserve requirement and position information provided by the Federal Reserve, you must set up access to the new Reserves Central—Reserve Account Administration application.
Follow this link to learn more about Reserves Central—Reserve Account Administration Setup.
The following materials have been prepared to help you access and navigate the Reserves Central—Reserve Account Administration application:
For more information, review the following links.
Please contact your Reserves Central District Contact with questions about reserves administration enhancements.
Address comments and questions to the Financial Services Webmaster.
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