Reg. D IFR 2020 Apr – Q.1. Does the interim final rule require depository institutions to suspend enforcement of the six convenient transfer limit on accounts classified as "savings deposits"?

Compliance > Regulation D - Reserve Requirements

Q:  Does the interim final rule require depository institutions to suspend enforcement of the six
convenient transfer limit on accounts classified as "savings deposits"?

 

A:  No. The interim final rule permits depository institutions to suspend enforcement of the six transfer limit, but it does not require depository institutions to do so.

 

 

This information can be found in the FRB’s Reg. D Interim Final Rule that was published on April 28, 2020 with a stated effective date of April 24, 2020, here - https://www.federalregister.gov/documents/2020/04/28/2020-09044/regulation-d-reserve-requirements-of-depository-institutions

Add Feedback