Provides Options For Savings Accounts: Revision to Reg. D
April 27, 2020
On April 24, 2020, the Federal Reserve made significant changes to Regulation D (Reg D)1 treatment of “Savings Accounts”. The changes provide options for banks to reduce administrative burdens related to offering savings accounts while preserving the “reservation of right” provisions of Reg. D.
Regulation D relates to reserve requirements imposed on depository institutions for the purpose of…