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#1211942 - 07/03/09 02:51 PM Reg D changes
Golfer9 Offline
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Joined: Sep 2007
Posts: 199
Oklahoma
When exactly do the REG D changes (no limit of 3 checks per month any longer) go into effect? One source said 30 days after the changes are published in the federal register, but another source says effective July 2.

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Deposits and Payments
#1211948 - 07/03/09 02:58 PM Re: Reg D changes Golfer9
'Lil Freak! Offline
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'Lil Freak!
Joined: Sep 2005
Posts: 10,596
The psych ward
July 2, 2009 (from BOL's Compliance Briefing):


The Reg D Amendments approved by the FRB on May 20, 2009 are effective today. The new rules increase the permissible transactions from savings accounts, that are made by check, draft, debit card or similar order and payable to third parties. These were restricted to three, prior to this change, and now may be any number of the six withdrawals allowed. 7/02/09
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#1212692 - 07/06/09 02:51 PM Re: Reg D changes 'Lil Freak!
John Burnett Offline
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John Burnett
Joined: Oct 2000
Posts: 40,086
Cape Cod
Ordinarily, regulatory amendments are effective 30 or more days after publication in the Federal Register. The Fed announced the change on May 21, published it on May 29th. When it was published, it included a specific effective date of 7/2, which was probably chosen to coincide with certain operational schedules relating to Regulation D and reserves maintenance.
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John S. Burnett
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