Let's repeal regulation Q
Article Abstract:
Regulation Q of the 1933 Banking Act is an outdated regulation that prevents banks from earning more and flexing their investment muscles while giving no guarantee of solid business practices. Interest is being earned on demand deposit accounts (DDA) being offered by non-banking institutions and it is not right that banks have no access to the same instruments. Moreover, a survey of institutions from 1933 reveals that banks that offered interest on their DDAs actually failed less frequently than banks who don't.
Publication Name: Treasury & Risk Management
Subject: Business
ISSN: 1067-0432
Year: 1998
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Interstate depository nightmares
Article Abstract:
Regional banking services enable businesses to consolidate their local accounts across state regions into single ones to save costs through the removal of transfer and account maintenance fees. Ideally, interstate banking would also provide better funds availability and improve reconciliation tasks, however, businesses have criticized the system's failure to deliver such advantages. Majority of complaints involve returned checks, coin orders, debit and credit adjustments, and inefficient identification.
Publication Name: Treasury & Risk Management
Subject: Business
ISSN: 1067-0432
Year: 1997
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