These changes in Regulation CC include the minimum amount of deposited funds that banks must make available for withdrawal by opening of business on the next day for certain check deposits. They also include the amount of funds deposited by certain checks in a new account that are subject to next-day availability.
By law, the agencies are required to adjust these dollar thresholds every five years by the annual percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). The inflation measurement period for this adjustment began in July 2018 and ended in July 2023.
What You’ll Learn
- New number for Case-by-Case Holds
- New number for Large Deposits
- New number for New Accounts
- Sample problems
- Same check lists
- Flow charts with changes
Who Should Attend
Compliance, Tellers, Teller Supervisors, Training, Branch Operations, and anyone who works with holds will benefit from this session.