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LeoGlossary: Reduced Reporting Limit
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A measure of total transaction accounts, savings deposits, and small time deposits indexed annually by the Federal Reserve and used with the exemption amount and the nonexempt deposit cutoff to determine each financial institution's reporting category. Any institution with total transaction accounts, savings deposits, and small time deposits greater than or equal to the reduced reporting limit, regardless of the level of their net transaction accounts, must report the FR 2900 weekly. This measure was implemented in September 2003.
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