On February 26th, the Federal Reserve Board requested comment on a proposed rule amending Regulation HH to set out the conditions and requirements for a Federal Reserve Bank to open and maintain accounts for and provide financial services to financial market utilities designated as systemically important by the Financial Stability Oversight Council. In addition, the proposed rule, which implements provisions of Title VIII of the Dodd-Frank Act, would authorize a Reserve Bank to pay interest on the balances maintained by a designated financial market utility in accordance with the title and other terms and conditions as the Board may prescribe. Comments should be submitted within 60 days after publication in the Federal Register, which is expected shortly. Federal Reserve Board Press Release.