12 C.F.R. § 204.4   Transitional adjustments in mergers.


Title 12 - Banks and Banking


Title 12: Banks and Banking
PART 204—RESERVE REQUIREMENTS OF DEPOSITORY INSTITUTIONS (REGULATION D)

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§ 204.4   Transitional adjustments in mergers.

In cases of mergers and consolidations of depository institutions, the amount of reserves that shall be maintained by the surviving institution shall be reduced by an amount determined by multiplying the amount by which the required reserves during the computation period immediately preceding the date of the merger (computed as if the depository institutions had merged) exceeds the sum of the actual required reserves of each depository institution during the same computation period, times the appropriate percentage as specified in the following schedule:

 ------------------------------------------------------------------------                                                              Percentage                                                              applied to                                                              difference   Maintenance periods occurring during quarters following    to compute                   merger or consolidation                     amount to                                                                  be                                                              subtracted------------------------------------------------------------------------1...........................................................        87.52...........................................................        75.03...........................................................        62.54...........................................................        50.05...........................................................        37.56...........................................................        25.07...........................................................        12.58 and succeeding............................................         0------------------------------------------------------------------------

[61 FR 69025, Dec. 31, 1996]

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