That’s an old, old regulation. It has to do with a money market savings account being a timed deposit rather than a demand deposit. Both go onto the calculation of reserves.
Nothing at all to do with post 9/11 laws. That goes back at least 20 years.
Hmmm...our banker told us it was because of the “war on drugs,” going back to the 1980s.
That’s an old, old regulation. It has to do with a money market savings account being a timed deposit rather than a demand deposit. Both go onto the calculation of reserves.
Nothing at all to do with post 9/11 laws. That goes back at least 20 years.
More regulation and infringement on freedom brought to you by the “War on Drugs”...