Transcription of Regulation D Reserve Requirements - Federal …
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Regulation D Reserve Requirements - Federal …
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 liabiliti
Regulation D1 Reserve Requirements Background Regulation D imposes reserve requirements on certain deposits and other liabilities of depository institutions2 solely for the purpose of implementing
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