Reserve Requirements for Depository Institutions (Reg D)
Course Number: ABA
Course Code: ABA
Covers the Regulation D-imposed reserve requirements. Defines transaction accounts, and includes the restrictions on NOW account eligibility and on the type and number of transactions allowed per month for Money Market deposit and savings accounts. Explains the requirements to follow when clients conduct excessive withdrawals or transfers of funds.
After completing this course, students will be able to:
-Explain the concept of reserve deposits and the transactions included in the reserve requirement calculation
-Identify key Reg D requirements for demand deposit accounts and NOW accounts
-Explain the restrictions on savings accounts and how to handle excessive transfers and withdrawals
-Describe key Reg D requirements for time deposit accounts
Audience: Call Center Representatives, Customer Service Representatives and Tellers who interact with clients over the phone on a daily basis.