How will revisions to amounts reported on the Report of Transaction Accounts, Other Deposits, and Vault Cash (FR2900) affect previously paid interest?
Revisions to amounts reported on an institution’s FR 2900 report that change an institution’s reservable liabilities can change an institution’s required reserve balance. In this case, the reallocation of the average balance maintained in a reserve maintenance period among the institution’s required reserve balance, clearing balance, and excess balance may result in a recalculation of previously paid interest. The difference between the original and revised interest payments will be credited to or debited from, depending on the revision, an institution’s account.
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