The Federal Reserve has announced the annual indexing of the low reserve tranche and the reserve requirement exemption for 2016. These amounts are used to calculate reserve requirements for depository institutions.
For net transaction accounts in 2017, the first $15.5 million – up from $15.2 million in 2016 – will be exempt from reserve requirements. A 3% reserve ratio will be assessed on net transaction accounts between $15.5 million and $115.1 million. A 10% reserve ratio will be assessed on net transaction accounts over $115.1 million.