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Overdraft Practices in Today's Regulatory Environment
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#1580786 - 07/21/11 08:07 AM Part 329 -Interest On Deposits & Reg Q
Compliance Poster Offline
100 Club

Registered: 09/10/01
Posts: 216
How does the repeal of Regulation Q affect FDIC rules Part 329—Interest On Deposits?

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Deposits and Payments
#1580797 - 07/21/11 08:33 AM Re: Part 329 -Interest On Deposits & Reg Q [Re: Compliance Poster]
Bob The Banker Offline
Platinum Poster

Registered: 05/17/10
Posts: 958
It doesn't.

The interest definition and section on premiums is being transferred to rule 330 Deposit Insurance Coverage.

See the FDIC's Federal Register entry for full details and how 330 will now read.


Edited by Bob The Banker (07/21/11 08:34 AM)
Edit Reason: FR reference

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#1581440 - 07/21/11 05:42 PM Re: Part 329 -Interest On Deposits & Reg Q [Re: Bob The Banker]
John Burnett Online
10K Club

Registered: 10/27/00
Posts: 29478
Loc: Cape Cod
Part 329 is gone, because the FDIC removed it. But it saved the definition of interest and the section on premiums and stuck them into Part 330.
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John S Burnett
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