# 2025-20744: Fed Indexes Reserves to Zero: Still Tracking Millions in 2026

2025-20744, Regulation D: Reserve Requirements of Depository Institutions, is a Federal Register rule from Federal Reserve System published 2025-11-24, effective 2025-12-24 (as of 2026-06-11).

- Canonical: https://policyrisk.com/federal-register/2025-20744
- As of: 2026-06-11
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2025-20744
- Title: Regulation D: Reserve Requirements of Depository Institutions
- Type: Rule
- Agencies: Federal Reserve System
- Citation: 90 FR 52849
- Published: 2025-11-24
- Effective: 2025-12-24
- Comments close: not stated
- Significant: no
- Touches household money: no
- Regulation identifier numbers: none
- Last updated: 2026-06-11

## In one line

Fed Indexes Reserves to Zero: Still Tracking Millions in 2026

## Summary

Starting January 1, 2026, banks and credit unions will see updated numbers for reserve requirement exemptions, with the exemption amount rising to $39.2 million and the low reserve tranche to $674.1 million. Even though these numbers go up, reserve requirements stay at zero, so no extra money needs to be held back. This update keeps things official and on track with the law, effective December 24, 2025.

## Abstract

The Board is amending Regulation D, Reserve Requirements of Depository Institutions, to reflect the annual indexing of the reserve requirement exemption amount and the low reserve tranche for 2026. The annual indexation of these amounts is required notwithstanding the Board's action in March 2020 of setting all reserve requirement ratios to zero. The Board is amending Regulation D to set the reserve requirement exemption amount at $39.2 million (increased from $37.8 million in 2025) and the amount of the low reserve tranche at $674.1 million (increased from $645.8 million in 2025). The adjustments to both of these amounts are derived using statutory formulas specified in the Federal Reserve Act (the "Act"). The annual indexation of the reserve requirement exemption amount and low reserve tranche is required by statute but will not affect depository institutions' reserve requirements, which will remain zero.

## Effects PRIA read

No economic effects identified for this document.

## Related documents

- [2026-08298](https://policyrisk.com/federal-register/2026-08298): Regulatory Capital Rule: Community Bank Leverage Ratio Framework, 2026-04-29
- [2026-05960](https://policyrisk.com/federal-register/2026-05960): Regulatory Capital Rules: Regulatory Capital and Standardized Approach for Risk-Weighted Assets, 2026-03-27
- [2025-21625](https://policyrisk.com/federal-register/2025-21625): Regulatory Capital Rule: Revisions to the Community Bank Leverage Ratio Framework, 2025-12-01
- [2025-21626](https://policyrisk.com/federal-register/2025-21626): Regulatory Capital Rule: Modifications to the Enhanced Supplementary Leverage Ratio Standards for U.S. Global Systemically Important Bank H…, 2025-12-01
- [2025-12787](https://policyrisk.com/federal-register/2025-12787): Regulatory Capital Rule: Modifications to the Enhanced Supplementary Leverage Ratio Standards for U.S. Global Systemically Important Bank H…, 2025-07-10
- [2026-22827](https://policyrisk.com/federal-register/2026-22827): Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company, 2026-11-09

## Sources
- [2025-20744 on federalregister.gov](https://www.federalregister.gov/documents/2025/11/24/2025-20744/regulation-d-reserve-requirements-of-depository-institutions)
- [2025-20744 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2025-11-24/pdf/2025-20744.pdf)

## Related
- [Previous: 2025-20740, Postmarks and Postal Possession](https://policyrisk.com/federal-register/2025-20740)
- [Next: 2025-20788, Assistance to Foreign Atomic Energy Activities](https://policyrisk.com/federal-register/2025-20788)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2025-20744 (as of 2026-06-11).