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Fed Authorizes Excess Accounts for Bank Cash.
- Source :
- American Banker; 5/21/2009, Vol. 174 Issue 97, p16-16, 1/3p
- Publication Year :
- 2009
-
Abstract
- The article discusses the Federal Reserve Board and restrictions on consumer savings account transactions. The Federal Reserve Board has announced that it will remove certain restrictions from transactions for consumer savings accounts which will enable banks to put balances in accounts which are more than their reserve requirements so that they can earn interest.
- Subjects :
- SAVINGS accounts
RESERVES (Accounting)
INTEREST (Finance)
BANKING industry
Subjects
Details
- Language :
- English
- ISSN :
- 00027561
- Volume :
- 174
- Issue :
- 97
- Database :
- Complementary Index
- Journal :
- American Banker
- Publication Type :
- Periodical
- Accession number :
- 40123792