US Reserve requirement ratio for net transaction deposits (low tranche)
US Reserve requirement ratio for net transaction deposits (low tranche) stood at 0% on Oct 12, 2026, according to Federal Reserve Board of Governors (Regulation D). It is one of the indicators in the Reserve requirements table (Value · Daily), with a complete series running from Nov 13, 1980 to Oct 12, 2026. The complete series with an interactive chart, free to download.
This indicator in the Reserve requirements table
| Indicator | 12-10-2026 | 05-10-2026 | 21-09-2026 | 30-07-2026 | 26-03-2020 | 25-03-2020 | 02-04-1992 | 01-04-1992 | 13-11-1980 | |
|---|---|---|---|---|---|---|---|---|---|---|
| RESERVE REQUIREMENT RATIO — CURRENT MECHANISM (SINCE 11/13/1980) | ||||||||||
| Net transaction deposits — amount within low reserve tranche | 0 | 0 | 0 | 0 | 0 | 3 | 3 | |||
| Net transaction deposits — amount exceeding low reserve tranche | 0 | 0 | 0 | 0 | 0 | 10 | 10 | 12 | 12 |
Understanding US Reserve requirement ratio for net transaction deposits (low tranche)
The mandatory percentage applied to the value of net transaction deposits falls between the exemption threshold and the prescribed limit. Deposits within this scope primarily consist of customers' checking accounts and net demand deposits held within the banking system. Compared to the segment exceeding the threshold, this bracket is subject to a lighter reserve requirement to reduce capital costs for financial institutions with moderate deposit scales.
The data series is recorded daily and reflects liquidity management policy across different periods. When analyzing the chart, it should be noted that this regulation has recently been brought to zero percent, causing the index to remain flat. Comparing across periods requires observers to place the data within the context of overall macroeconomic policy adjustments rather than merely looking at mechanical changes in levels.
Frequently asked questions
- How does this indicator differ from the rate applied to deposits above the threshold?
- Deposits within the lower limit are subject to a milder percentage rate, while the entire value exceeding that limit incurs a higher reserve ratio.
- How do changes in this indicator affect bank liquidity?
- Reducing the ratio releases frozen deposits, allowing commercial banks to enhance their credit-issuing capacity.
- Why is the charted line flat at zero in the recent period?
- Policymakers decided to bring the reserve ratio down to zero to transition to a liquidity management framework based on interest rates on excess reserves.