Fed · final-rule · Published 1998-07-30 · 63 FR 40635
Document
Document number
98-20268
Federal Register citation
63 FR 40635
CFR reference
12 CFR 230
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US Federal Reserve System
Publication date
1998-07-30
Docket
Regulation DD
Abstract
The Board has adopted a rule amending Regulation DD (Truth in Savings); the action makes final an interim rule adopted in January 1995. The amendment permits institutions to disclose an annual percentage yield (APY) equal to the contract interest rate for time accounts with maturities greater than one year that do not compound but that require interest distributions at least annually.