The primary purpose of the Federal Reserve Board (FRB) Regulation D (12 CFR 204) is to set rules for monetary reserves that must be maintained with the Federal Reserve System.
- Regulation D affects all credit unions
- The regulation may require maintaining reserve accounts
- The regulation defines characteristics of an account to determine whether the credit union must reserve for the account
- The regulation requires credit unions to impose certain penalties for early withdrawal from time deposit accounts.
This session will dive into the specifics of the regulation and how it impacts your credit union.
Linda Bow, Director of Compliance
New York Credit Union Association
Educational Investment: Complimentary