12:00 pm – 1:30 pm PT
1:00 pm – 2:30 pm MT
2:00 pm – 3:30 pm CT
3:00 pm – 4:30 pm ET
The COVID-19 pandemic is wreaking financial havoc. More than ever, accountholders need access to all their available cash. The Federal Reserve Board has created an interim rule to suspend the limit on savings withdrawals. Learn about the impact and implementation of Reg D changes.
DURING THIS WEBINAR YOU’LL LEARN ABOUT:
- Step-by-step implementation changes
- Notice to accountholders
- System changes
- Charges and fees
- Truth in Savings disclosures
- Which reports will change
During the coronavirus pandemic, savings account access is more urgent than ever. The Federal Reserve Board recently announced an interim final rule to amend Regulation D (Reserve Requirements of Depository Institutions). The change eliminates the six-per-month limit on convenient transfers from "savings deposit" accounts. The rule allows depository institutions to immediately suspend enforcement of the six-transfer limit and allow accountholders to make an unlimited number of convenient transfers and withdrawals from their savings.
The regulatory limit in Regulation D was the basis for distinguishing between reservable "transaction accounts" and non-reservable "savings deposits." The Board's recent action reducing all reserve requirement ratios to zero has rendered this distinction moot. Concurrently, the Federal Reserve is making temporary revisions to the FR 2900 series, FR Y-9, and FR 2886b reports to reflect the amendments to Regulation D. Join us to learn how to comply with Reg D changes.
Attendance certificate provided to self-report CE credits.
WHO SHOULD ATTEND?
This timely program will benefit compliance officers, deposit operations staff, systems and IT personnel, trainers, and all branch staff.
- Employee training log
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