Definitions for Regulations Affecting All Savings Associations; Money Market Deposit Accounts
other · Treasury · Rule · Published 2010-06-14 · Effective 2010-06-14 · 75 FR 33501
Document
Document number
2010-14243
Federal Register citation
75 FR 33501
CFR reference
12 CFR 561
Type
Rule
Action
Final rule.
Category
other
Sub-agency
Treasury
Publication date
2010-06-14
Effective date
2010-06-14
Treasury docket
Docket ID OTS-2010-0011
Abstract
The Office of Thrift Supervision is amending its regulations to eliminate restrictions on certain kinds of transfers from money market deposit accounts for savings associations. The Board of Governors of the Federal Reserve System (the FRB) has already amended its regulations ("Regulation D") to eliminate these restrictions for member banks. Because this change is ministerial, the OTS has determined for good cause that public notice and comment is unnecessary under the Administrative Procedure Act (APA) and is implementing this change by means of a final rule without notice and comment.