Alert! Impact of Reg D Changes

(90-minute webinar – recording also available)

Monday, May 11, 2020

12:00 PM Pacific                1:00 PM Mountain

2:00 PM Central                 3:00 PM Eastern

The COVID-19 pandemic is wreaking financial havoc.  More than ever, accountholders need access to all their available cash.  The Federal Reserve Board has created an interim rule to suspend the limit on savings withdrawals.  Learn about the impact and implementation of Reg D changes. 

DURING THIS WEBINAR YOU’LL LEARN ABOUT:

• Step-by-step implementation changes
• Notice to accountholders
• System changes
• Charges and fees
• Truth in Savings disclosures
• Which reports will change

WEBINAR DETAILS

During the coronavirus pandemic, savings account access is more urgent than ever.  The Federal Reserve Board recently announced an interim final rule to amend Regulation D (Reserve Requirements of Depository Institutions).  The change eliminates the six-per-month limit on convenient transfers from "savings deposit" accounts.  The rule allows depository institutions to immediately suspend enforcement of the six-transfer limit and allow accountholders to make an unlimited number of convenient transfers and withdrawals from their savings. 

The regulatory limit in Regulation D was the basis for distinguishing between reservable "transaction accounts" and non-reservable "savings deposits."  The Board's recent action reducing all reserve requirement ratios to zero has rendered this distinction moot.  Concurrently, the Federal Reserve is making temporary revisions to the FR 2900 series, FR Y-9, and FR 2886b reports to reflect the amendments to Regulation D.  Join us to learn how to comply with Reg D changes.

WHO SHOULD ATTEND?

This timely program will benefit compliance officers, deposit operations staff, systems and IT personnel, trainers, and all branch staff. 

TAKE-AWAY TOOLKIT

• Employee training log

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     MEET THE PRESENTER - Deborah L. Crawford, Gettechnical Inc

Deborah Crawford is the President of Gettechnical Inc., a Baton Rouge-based firm, specializing in the education of financial institutions across the nation.  Her 30+ years of experience began at Hibernia National Bank in New Orleans.  She graduated from Louisiana State University with both her bachelor’s and master’s degrees. 

Debbie specializes in the education of financial institution employees and officers in the areas of deposit account laws, new account documentation, insurance, complex compliance regulations, and IRAs.

Note: All materials are subject to copyright. Transmission, retransmission, or republishing this webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only.

THREE REGISTRATION OPTIONS

1. LIVE WEBINAR

The live webinar option allows you to have up to three internet connections. Registrants receive a website address and passcode that will allow entrance to the seminar. The session will be approximately 90 minutes, including question and answer sessions. Seminar materials, including instructions, passcode, and handouts will be emailed to you prior to the broadcast. You will need the most-current version of Adobe Reader available free at www.adobe.com. 

2. RECORDED WEBINAR + FREE DIGITAL DOWNLOAD

Can’t attend the live webinar? This option provides a recording of the live event, including audio, visuals, and handouts. We even provide the presenter’s email address for follow-up questions. You will receive an email with the recorded webinar link, which can be viewed anytime 24/7, beginning 2 business days after the webinar. You will also receive instruction on how to download a free digital copy of the webinar to your PC, which you may keep and use indefinitely.

3. BOTH LIVE WEBINAR & RECORDED WEBINAR + FREE DIGITAL DOWNLOAD

Options 1 and 2 described above.

 AFFORDABLE, PROFESSIONAL TRAINING, WHEN AND WHERE YOU CHOOSE