What is Regulation D (Reg D) and does it impact Oregonians accounts?

Regulation D (Reg D) was a Federal Reserve regulation that started in 1913 and was suspended in 2020 following the COVID pandemic. Reg D applied to all financial institution savings accounts. It limited savings account non-signature transactions to six per calendar month. Transactions made in person or at an ATM were exempt.

Banking systems were built with this regulation (among many others) in mind. We would need to make more one than one very expensive system change, in order to not apply this regulation to our savings accounts. So for now, Reg D still applies to Oregonians CU savings accounts.

Click here for our Reg D disclosure.