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Thursday, March 28, 2024 | Back issues
Courthouse News Service Courthouse News Service

Fed Repeals Reg Barring Interest on Business Accounts

WASHINGTON (CN) - The Federal Reserve has repealed Regulation Q, a depression era rule to encourage businesses to invest their liquid assets rather than keep their money locked up in banks.

Regulation Q barred member banks from paying interest on demand accounts held by businesses.

Click the document icon for this regulation and others.

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