Elimination of Three Transfer Sublimit for Withdrawals from Savings Deposits : Final Rule
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Public Domain
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09/09/2009
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Details
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Description:The Federal Deposit Insurance Corporation (FDIC) has published the attached final rule, which recognizes elimination of the monthly three transfer sublimit for certain types of withdrawals from the savings deposits of FDIC-supervised institutions. The overall six transfer limit on pre-authorized or automatic withdrawals will still exist. This rule parallels a recent amendment to Regulation D by the Federal Reserve Board, which took effect on July 2, 2009. Under the FDIC Rules and Regulations, FDIC-supervised institutions become subject to exceptions to statutory prohibitions as soon as they are promulgated by the Federal Reserve Board.
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Subject:
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Dataset Download URL:fdic.gov/news/financial-institution-letters/2009/fil09052.html
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Format:
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Release Date:09/09/2009
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Update Date:11/26/2018
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Withdrawn Date:12/01/2018
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Agencies Involved:Federal Deposit Insurance Corporation (FDIC)
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Fdic Employee Involved:Samuel Frumkin ; Mark Mello
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Related Regulation:Regulation D by the Federal Reserve Board ; 12 C.F.R. Part 329
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Source:FDIC Website
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Memorandum To:FDIC-Supervised Institutions
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FIL Number:FIL-52-2009
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Main Document Checksum:urn:sha256:0e8bd7cf04cf517fdf460f3803b01686a0db5b408d743b5c860fb0aca5d04eea
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