Can a corporation sweep from a personal account? We say no but are checking what you think?
Are there any rules against an individual / consumer having a repurchase agreement?
If we open a public funds checking account and sweep it nightly into a savings and sweep it back each morning, does this violate Reg D? I can't find a reference to public funds in the reg.
Is Reg D doing away with restrictions on Money Market accounts? (The 6 transaction limit is being lifted)
The Temporary Liquidity Guarantee Program offers unlimited non-interest bearing accounts. What about our sweep accounts that sweep nightly into or out of an interest bearing account? Do only the funds held in checking accounts have unlimited coverage and interest bearing accounts have the $250,000 coverage?
We are a small community bank of less that $75M regulated by FDIC. We offer no Overdraft Protection other than the "sweep account" from another deposit account. What new Reg DD changes would affect our bank?