Reg. D IFR 2020 Apr – Q.2. May depository institutions continue to report accounts as "savings deposits" on their FR 2900 deposit reports even after they suspend enforcement of the six transfer limit on those accounts?

Compliance > Regulation D - Reserve Requirements

Q:  May depository institutions continue to report accounts as "savings deposits" on their FR 2900 deposit reports even after they suspend enforcement of the six transfer limit on those accounts?

 

A:  Yes. Depository institutions may continue to report these accounts as "savings deposits" on their FR 2900 reports after they suspend enforcement of the six transfer limit on those accounts.

 

 

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

 

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