Federal Reserve Amends Regulation D to Remove Transfer Limits

August 20, 2020 - 4 min read

On April 28, 2020 (85 FR 23445), the Board of Governors of the Federal Reserve System (the “Federal Reserve”) amended Regulation D, Reserve Requirements of Depository Institutions, to delete the numeric limits on certain kinds of transfers and withdrawals that may be made each month from “savings deposits.” The amendments are intended to allow depository institution…

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