Reserve Requirements for Depository Institutions (Reg D)
Course Number: REGD1
Course Code: ABA 312
Reserve Requirements for Depository Institutions (Reg D) focuses on the responsibilities of Frontline personnel related to the reserve requirements imposed on depository institutions. The course covers the Regulation D-imposed reserve requirements on all depository institutions, defines transaction accounts, and includes the restrictions on NOW account eligibility. This course discusses the restrictions on the type and number of transactions allowed per month for both Money Market deposit accounts and savings accounts and explains the Regulation D requirement for financial institutions to follow when clients conduct excessive withdrawals or transfers of funds.
By the end of Reserve Requirements for Depository Institutions (Reg D) 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.