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SBP injects Rs3 565tn into banking system

KARACHI: The State Bank of Pakistan on Friday injected massive Rs3.565 trillion for a seven-day period at 12.30 percent through reverse repurchase agreement as liquidity was skewed in the money.

Modern Policy 101: Definition, How It Works

Fed Issues Final Rule Amending Regulation D | Weiner Brodsky Kider PC

Fed Issues Final Rule Amending Regulation D | Weiner Brodsky Kider PC
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Federal Reserve Adopts Amendments to Regulation D | Weiner Brodsky Kider PC

To embed, copy and paste the code into your website or blog: On June 4, 2021, the Federal Register published the Board of Governors of the Federal Reserve System’s (“Board”) adoption of amendments to Regulation D (Reserve Requirements of Depository Institutions). These amendments, among other things, eliminate references to certain rates, in particular the “interest on required reserves” rate and the “interest on excess reserves” rate; these are replaced with a reference to a single “interest on reserve balances” rate. Additionally, with respect to balances maintained by or on behalf of eligible institutions in master accounts at Federal Reserve Banks, the amendments simplify the formula used to calculate the amount of interest paid on such balances.  

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