You had asked where the rules from former Section 217.101 of Regulation Q, which excluded certain account premiums from the definition of “interest,” can be found after Regulation Q’s repeal. The FDIC decided to republish the premium rule in a new location, 12 CFR 330.101. In the accompanying notice, the FDIC explained that while the Dodd-Frank Act (DFA) had repealed the prohibition on paying interest on demand deposits, “a regulatory definition of the term ‘interest’ would still be useful in interpreting the requirements of section 343 of the DFA providing temporary, unlimited deposit insurance coverage for noninterest-bearing transaction accounts.” 76 Fed. Reg. 41392 (July 14, 2011). The FDIC also stated that institutions may continue to rely on any agency interpretations that were issued under Regulation Q.
We learned that when Regulation Q was repealed, the premium restriction rules were moved. Where can we find those rules now?
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