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#12532 - 01/18/02 01:55 PM Regs Q, D, and premiums
Anonymous
Unregistered

If premiums are not "premiums" for Reg Q as discussed elsewhere on this web page, would it be a good idea to check that the bank has real demand deposits under Reg D? Reg D is a bit out of my realm of compliance expertise, but it is my understanding that a real demand deposit doesn't exist if the bank reserves the right to require at least seven days written notice before withdrawal or transfer. So feasibly, we could give away a pretty good Reg Q non-premium if certain requirements are met relative to opening DDAs, but if the bank doesn't have a real DDA under Reg D, then you have paid premiums under Reg Q?

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#12533 - 01/19/02 04:27 PM Re: Regs Q, D, and premiums
Andy_Z Offline
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Andy_Z
Joined: Oct 2000
Posts: 27,748
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I'm not sure I understand your question, but you have DDAs and savings. While the public can get confused by those accounts we call, Checking with Interest, there are call report and reserve differences as well.

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Andy Zavoina
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