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Reserve Administration – National
Business Continuity Information
Reserve Administration
Reserve Administration is responsible
for ensuring that depository institutions meet their reserve
requirements, as defined by Regulation D (Reserve Requirements
of Depository Institutions), which is issued by the Federal
Reserve Board. The regulation defines the type of institutions
subject to reserve requirements, the reporting of deposits,
the calculation of reserve requirements, and the maintenance
of required reserves. Reserve requirements affect the volume
of reserves held by depository institutions and represent
an important tool in the implementation of U.S. monetary policy.
Precise administration of Reserve Requirements helps ensure
the accuracy of the Federal Reserve’s projections and
long range control over money stock growth.
The Federal Reserve provides a number of ways to access reserves
information. Besides the routine delivery of Requirement,
Position and Applied As-of Adjustments reports via mail and
FedMail, depository institutions use ReserveCalc and FedLine,
which offer more timely data and a means to estimate required
balances.
During a Federal Reserve Business Disruption
What to expect:
Federal Reserve disruption may cause
ReserveCalc, FedLine or FedMail to be inaccessible or the information
obtained via these applications may be inaccurate. However,
the Federal Reserve Bank has developed an extensive back-up
and recovery process that should allow operations to resume
within a relatively short period of time (within 24 hours or
less).
What you should do:
- During the event:
If ReserveCalc, FedLine or FedMail is unavailable, depository
institutions may contact the continuity telephone numbers
listed above for assistance with reserve maintenance. Unless
noted, these continuity numbers remain valid even though
Federal Reserve staff has relocated to a contingency site.
Depository institutions are obligated to meet any reserve
and clearing balance requirements over the length of a maintenance
period even if reserves information is not available. Because
of the nature of reserves, outages become more critical
toward the end of a maintenance period. On the other hand,
outages occurring early in a maintenance period may not
require significant intervention since depository institutions
may have adequate time to satisfy any required balances. - After the event:
If a depository institution's ability to maintain required
balances is impaired as the result of a Federal Reserve
System outage, each Federal Reserve Bank will review each
situation on a case-by-case basis and will determine if
as-of adjustments are warranted.
Preparing for a Federal Reserve Business
Disruption:
It is important to identify and
prepare key personnel (including backups) in your organization
who can ensure that any reserve and/or clearing balance requirements
are met during an outage. The primary contact information
that we have for each institution typically coincides with
the addressee stated on Requirement, Position and Applied
As-of Adjustments reports sent to you throughout the year.
If you wish a specific person to be your continuity contact
person, please inform us of the person's name, telephone number,
and email address. Either provide this information to your
regular contact or click here to send now via email.
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