Regulation Q definition
Examples of Regulation Q in a sentence
To the extent permitted under Regulation Q of the Board of Governors of the Federal Reserve System, any cash held in the Collateral Account shall bear interest at the standard rate paid by Secured Party to its customers for deposits of like amounts and terms.
To the extent permitted under Regulation Q of the Board of Governors of the Federal Reserve System, any cash held in the Collateral Account shall bear interest at the standard rate paid by the Collateral Agent to its customers for deposits of like amounts and terms.
Another commenter recommended a phase-in with immediate implementation of the repeal followed by a twelve- to eighteen-month grandfather for Federal Reserve interpretations and advisory opinions concerning Regulation Q.
Regulation Q implements the prohibition against the payment of interest on demand deposits counterclaim: 1 Public Law 111–203, 124 Stat.
As noted previously, section 217.101 of Regulation Q is substantially identical to section 329.103.
Two commenters called for retention of Federal Reserve staff opinions and interpretive letters concerning Regulation Q.
In no event will the Agent ever be obligated to make any payment that would violate Regulation Q.
The FDIC should adopt or incorporate all Federal Reserve interpretations and advisory opinions 2 In counterpart to this rulemaking, the Board of Governors of the Federal Reserve System (the Federal Reserve) have issued a notice of proposed rulemaking to repeal 12 CFR Part 217, Prohibition Against Payment of Interest on Demand Deposits (Regulation Q).
In light of this agency consistency and the continued potential instrumental value of agency interpretations regarding this issue, the FDIC will continue to rely upon Regulation Q and Federal Reserve interpretations of that regulation for purposes of implementing temporary, unlimited deposit insurance coverage pursuant to section 343 of the DFA.
To the extent permitted under Regulation Q of the Board of Governors of the Federal Reserve System, any cash held in the Collateral Account shall bear interest at the standard rate paid by the Administrative Agent to its customers for deposits of like amounts and terms.