{"id":"AGY-FED-FINANCIAL-018","kind":"order","level":"federal","jurisdiction":"United States; Board of Governors of the Federal Reserve System (federal)","state":"","metro":"","industry":"","agency":"FED-FINANCIAL","eco":"","issuer":"Board of Governors of the Federal Reserve System","authority":"12 U.S.C. § 461(b)","instrument":"Interim final rule, Regulation D: Reserve Requirements of Depository Institutions, 85 Fed. Reg. 23445 (Apr. 28, 2020) (Docket R-1710)","title":"Regulation D: Reserve Requirements of Depository Institutions","dateIssued":"2020-04-24","effective":"2020-04-24","end":"Permanent (the six-transfer limit was deleted; the Board\u0027s 2020 FAQs suspended enforcement of the limit)","startDate":"2020-04-24","endDate":"2021-09-30","quarters":["2020Q2","2020Q3","2020Q4","2021Q1","2021Q2","2021Q3"],"types":["OTHER"],"addressees":["all depository institutions offering savings deposits"],"clause":"DATES: Effective date: This rule is effective on April 24, 2020.... [The Board amends the \u0027savings deposit\u0027 definition to delete] the six-per-month limit on convenient transfers [and] suspends enforcement of the six transfer limit.","enforcement":"12 U.S.C. § 461; 12 C.F.R. part 204; call-report classification","functions":["BR branches (customers could move funds without visiting a branch)","AT","CC contact center","OP deposit operations and disclosures","CB depositors under stay-home orders"],"notes":"The Board acted so that depositors confined by stay-home orders could access savings by convenient transfer; every depository institution changed its account terms, systems and disclosures","sourceUrl":"https://www.govinfo.gov/content/pkg/FR-2020-04-28/pdf/2020-09044.pdf","snapshot":"","fileExists":true,"fileBytes":238255,"grade":"primary","character":"","description":"","collection":"AGY-FED-FINANCIAL","url":"/library/AGY-FED-FINANCIAL-018","exhibitUrl":"/exhibit/AGY-FED-FINANCIAL-018","citation":"Board of Governors of the Federal Reserve System, Interim final rule, Regulation D: Reserve Requirements of Depository Institutions, 85 Fed. Reg. 23445 (Apr. 28, 2020) (Docket R-1710) (Apr. 24, 2020) (Ex. AGY-FED-FINANCIAL-018)","stateName":"","related":["AGY-FED-FINANCIAL-012","AGY-FED-FINANCIAL-010","AGY-FED-FINANCIAL-011","AGY-FED-FINANCIAL-028","AGY-FED-FINANCIAL-021"]}