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Regulation Q - Prohibition Against The Payment of Interest on Demand Deposits

Regulation Q, originally promulgated 8/29/1933, will be removed and reserved as of 7/21/2011, nearly 78 years later.

[Click HERE for table of recent Federal Register documents affecting this regulation.]

Sec. 217.1 - Authority, purpose, and scope.
Sec. 217.2 - Definitions.
Sec. 217.3 - Interest on demand deposits.
Sec. 217.101 - Premiums on deposits.

Recent Federal Register documents affecting this regulation.
FR Citation Date Status Comments
76 FR 42015 7/18/11 Final Implements  627 of the Dodd-Frank Act, which repeals various sections of law that currently prohibit the payment of interest on demand deposits. Removes Regulation Q and its published interpretation, and removes references to Regulation Q in other regulations, interpretations and commentary. Effective 7/21/11.
76 FR 20892 4/14/11 Proposed; Finalized 7/18/11 Would implement  627 of the Dodd-Frank Act, which repeals various sections of law that currently prohibit the payment of interest on demand deposits. The proposal would repeal Regulation Q and its published interpretation, and remove references to Regulation Q in other regulations, interpretations and commentary. Comments were due by 5/16/2011.






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