Interest rate restrictions.

CFR · 2024-01-01 · US · Title 12

(a) (2) (i) National rate plus 75 basis points, or (ii) 120 percent of the current yield on similar maturity U.S. Treasury obligations plus 75 basis points or, in the case of any nonmaturity deposit, the federal funds rate plus 75 basis points. (3) (4) (5) (b) (2) (c) (2) (d) (e) (f) (g) (1) (A) A nonmaturity account is opened; (B) The institution raises the rate being paid on a nonmaturity account existing at the time when the institution was last well capitalized; or, (C) Funds for a new depositor are credited to a nonmaturity account existing at the time when the institution was last well capitalized. (2) (i) Any new nonmaturity accounts opened by or through that particular deposit broker; (ii) An amount of funds that exceeds the amount(s) in the account(s) that, at the time the institution fell to less than well capitalized, had been opened (iii) For agency or nominee accounts, any funds for a new depositor credited to a nonmaturity account or accounts.

official document · source cfr-2024 · id 12:§ 337.7