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#57533 - 01/29/03 02:34 PM Reg Q
Anonymous
Unregistered

Just making sure-Reg Q says it only applies to state member banks and national banks (and a few others) but not state non-member banks, right? I read that and just wanted to make sure that somewhere else state non-memeber banks were not later included in the coverage.

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#57534 - 01/29/03 02:51 PM Re: Reg Q
1111 Offline
Platinum Poster
1111
Joined: Jan 2003
Posts: 580
No, Reg Q applies to nonmember banks, per the Banking Act of 1935 - FDIC Insurance.

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#57535 - 01/29/03 04:37 PM Re: Reg Q
John Burnett Offline
10K Club
John Burnett
Joined: Oct 2000
Posts: 40,086
Cape Cod
Take a look at FDIC Rules 12 CFR Part 329. You will see that it is virtually identical to Regulation Q, and applies to state non-member insured banks.
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