Transcription of Regulation D Reserve Requirements
{{id}} {{{paragraph}}}
Example: biology
Regulation D Reserve Requirements
Regulation D1. Reserve Requirements Background tronic device, including by debit card ..''5 The following types of accounts are transaction Regulation D imposes Reserve Requirements on accounts'' under Regulation D: certain deposits and other liabilities of depository Demand deposit accounts institutions2 solely for the purpose of implementing monetary policy. It specifies how depository insti- NOW accounts tutions must classify different types of deposit Savings deposit accounts are specifically ex- accounts for Reserve Requirements purposes. cluded from the definition of transaction account, even though they permit third-party transfers, Types of Deposits Covered provided that the depository institution complies with the transfer and withdrawal limitations appli- Regulation D imposes Reserve Requirements on cable to savings deposits'' under Regulation transaction accounts,'' nonpersonal time depos- Transaction accounts have the following charac- its,'' and Eurocurrency liabilities.
agencies and branches of foreign banks located in the United States, are subject to reserve requirements. Institutions must satisfy reserve requirements by holding cash in their vaults or, if vault cash is insufficient, as a balance in account at a Federal Reserve Bank (either an account of the institution or an account of
Loading..
Tags:
Information
Domain:
Source:
Link to this page:
Please notify us if you found a problem with this document: