401 or to a 401(k) plan established pursuant to 26 U.S.C. (b) Where the depository institution pays all or a portion of a time deposit representing funds contributed to an individual retirement account or a Keogh (H.R.10) plan established pursuant to 26 U.S.C. 401(k) Provided that the depositor forfeits an amount at least equal to the simple interest earned on the amount withdrawn 10) plan, or where it is maintained in a 401(k) plan under 26 U.S.C. 408 and is paid within seven days after establishment of the individual retirement account pursuant to 26 CFR 1.408–6(d)(4), where it is maintained in a Keogh (H.R. (a) Where the time deposit is maintained in an individual retirement account established in accordance with 26 U.S.C. A time deposit, or a portion thereof, may be paid during the period when an early withdrawal penalty would otherwise be required under this part without imposing an early withdrawal penalty specified by this part: However, the maturity of the deposit issued to the affiliate shall be the shorter of the maturity of the affiliate's obligation or the maturity of the deposit If the proceeds from an affiliate's obligation are placed in the depository institution in the form of a reservable deposit, no reserves need be maintained against the obligation of the affiliate since reserves are required to be maintained against the deposit issued by the depository institution. If an obligation of an affiliate of a depository institution is regarded as a deposit and is used to purchase assets from the depository institution, the maturity of the deposit is determined by the shorter of the maturity of the obligation issued or the remaining maturity of the assets purchased. (v ) Any liability of a depository institution's affiliate that is not a depository institution, on any promissory note, acknowledgment of advance, due bill, or similar obligation (written or oral), with a maturity of less than one and one-half years, to the extent that the proceeds are used to supply or to maintain the availability of funds (other than capital) to the depository institution, except any such obligation that, had it been issued directly by the depository institution, would not constitute a deposit. View on this date view change introduced compare to most recent Treatment of trust overdrafts for reserve requirement reporting purposes. Shifting funds between depository institutions to make use of the low reserve tranche. Linked time deposits and transaction accounts. Multiple savings deposits treated as a transaction account. Participation by a depository institution in the secondary market for its own time deposits. Nondepository participation in “Federal funds” market.ĭeposits at foreign branches guaranteed by domestic office of a depository institution. Repurchase agreement involving shares of a money market mutual fund whose portfolio consists wholly of United States Treasury and Federal agency securities.įoreign, international, and supranational entities referred to in §§ 204.2(c)(1)(iv)(E) and 204.8(a)(2)(i)(B)(5).ĭepository institution participation in “Federal funds” market. Sale of Federal funds by investment companies or trusts in which the entire beneficial interest is held exclusively by depository institutions. Secondary market activities of international banking facilities. Reserve Requirements of Depository Institutions (Regulation D)
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