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LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
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ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

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New Seminar in a Box focuses on Reg D
MADISON, Wis. (8/23/10)--Credit union employees can receive information about Regulation D with a new Credit Union Seminar in a Box from the Credit Union National Association. Regulation D addresses reserve and reporting requirements for credit unions, banks and thrifts, by directing Federal Reserve banks to pay interest on certain balances held by or on behalf of depository institutions and allowing for the establishment of excess balance accounts at reserve banks. Under the rule, required reserve balances maintained by depository institutions that are not eligible to earn interest themselves on behalf of an eligible institution (a respondent) will accrue interest--which must then be passed back to the respondent. However, excess balances that are maintained by “ineligible” correspondents on behalf of a respondent will not earn interest. Regulation D Seminar in a Box provides credit union staff with a definition of a transaction account and deposit account, and how to calculate the six-transfer limit. The seminar will give staff the materials needed to plan and execute a 10-minute exercise or a one-hour staff workshop. Credit unions can provide the seminars at branch meetings, credit union meetings, department meetings or training sessions. Each seminar includes:
* Exercises to reinforce the skills learned; * Conversation starters and discussion points to relate the content and concepts presented to your credit union; * Definitions, guidelines, tips, tools and benefits for all the skills taught; * Action plans for using the skills taught; and * A recommended reading list to reinforce the skills learned.


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