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Reg D changes? - Monday, March 03, 2008
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to remove restrictions on the way banks maintain required reserves. The proposal would allow all banks, not just non-member banks, to keep a balance with a Fed bank or correspondent bank that, in turn, holds reserve balances for respondents in a Fed account on a "pass-through" basis. Another change would simplify limits on the types of transfers and withdrawals that may be made from savings deposits. Comments are due 45 days after publication in the Federal Register. |
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